World take note - there is a new magazine, publishing (preferentially) Indian Speculative Fiction (SF and Fantasy). It is published by Geetanjali Dighe, and available for free (for the time being) in pdf, mobi, and epub formats.
The first issue contains stories by Kat Otis, Ken Liu, Ram V, and Lavanya Karthik; plus interviews, book reviews, and digital art - what's not to like!
I'm not done reading yet, but am rather impressed with what I have seen so far; I can already recommend the story by Ken Liu, which tells a rather harrowing tale set in a post-singularity world.
The magazine can be found here - I would suggest you also have a look at the book shop; much of interest but less frequently seen here in Europe is on there!