A. You want to watch and record live TV on your PC/computer.
The basic good ones are around Rs 10,000 and upwards.
The AVerMedia EzRecorder 130 - High Definition recorded has good reviews and is priced around 10,800.
Have you considered the iBall CTV27 Claro TV Tuner (Rs 1799 on amazon) or the Intex Sky-Pro IT-195 FM LCD TV Tuner.
When you order, please check the seller, return and warranty period so that you do not face issues when the instrument malfunctions etc.
B. As an other option, there are many sites that broadcast TV programs to India which can be accessed with codes are registering and paying the subscription fee. Here you have the option of choosing the language and the package you use regularly. One such site is (https://www.yupptv.com/channels/india-today-news/live), you can watch live and the previous programs.
C.Have you thought about the DTH services. Having a small dish TV connect and the receiver box comes with a recorder. For instance the DTH Services Dish TV HD Connection (With Recorder) costs around Rs 1600.00 and you need pay monthly charges based on the channels you need to access/watch.