Hi Haunted Hunter,
Honestly, by the look of it , I think that you are going in for a basic entry level receiver, I suggest that rather than spending 15-16k on a 304 of Onkyo, you do some real deal hunting for second hand rxers and spkrs. There are some gr8 deals available in India.
I have recently picked up a deal with abhijit15 for a Denon 2106 + Wharfedale Diamond 9.5 speakers for 28K.