I was thinking of getting the EEE PC 701 but the screen is really small
but if your budget is strictly 12-14k and you must buy it now then i don't think you have any other option as i have never heard of any lappy as cheap as 12k except EEE PC 4G(701)
you can always wait for things to get cheaper
the best EEE PC model according to me is the 901 (not 900)
it has atom procy(1.6GHz), 20GB SSD(Linux version(windows version comes with 12GB SSD)), 6-cell battery(Asus claims 7.8hrs life) 8.9"screen,bluetooth, everything the earlier models had and the size is almost same as the 7" so really small, and weighs 1.1 or 1.2kg i think.
For me size, weight and battery life is the main concern
you can easily run win xp and linux with dual boot and is very much sufficient for basic office work and surfing.
you can always add a 16GB SDHC card for extra space later
ram can be changed to 2GB(comes with 1GB i think)
but it is probably priced above 20k(not sure if its available in india)
the model they had at SMC was 900(which has celeron 630MHz and 3 cell battery)
So I would say try to get the 901 if you can or wait for more options to open up from other brands like dell and lenovo.