Here are the consolidated list of Bitcoin resources specific to India. Feel free to suggest more in the comments, I will add it here.

For Global resources - https://bitcointalk.org/index.php?topic=455082.0

Meetups:
Bangalore : http://www.meetup.com/IndiaBitcoin/
Delhi : http://www.meetup.com/Bitcoin-in-Delhi/
Mumbai : http://www.meetup.com/Bombay-Bitcoin/
Kolkata : http://www.meetup.com/Bitcoin-Kolkata-Meetup
Hyderabad : http://www.meetup.com/Hyderabad-Bitcoin-miners-Crypto-technologists-and-Traders/

Exchanges:
LocalBitcoins : https://localbitcoins.com/
Unocoin : https://www.unocoin.com/
BtcxIndia : https://btcxindia.com
CoinSecure : https://coinsecure.in/

Social Networking:
Facebook - https://www.facebook.com/IndiaBitcoin

Mobile Bitcoin Wallet:
Zebpay : https://zebpay.com/

Mining Hardware:
BitLing : http://bitling.in

Block Explorer:
Coin Secure : https://coinsecure.info/

Bitcoin Financial Tracker:
Blockonomics : https://www.blockonomics.co/

Awareness:
Coinsecure : http://coinsecure.in
CIS / Hasgeek : https://hasgeek.tv/cis-india/stream/372-aaron-koenig-an-introduction-to-bitfilm-and-bitcoin

Legal:
Naavi - http://www.naavi.org
CIS   - http://cis-india.org/internet-governance/bitcoin-legal-regulation-india

Taxation:
Livemint - http://www.livemint.com/Money/3qcKrBcAMIisahVOyOygYK/Are-bitcoins-currency-or-asset.html   [Temporary Tax guide suggested by Moderator(Benson)]

Events:
Global Bitcoin Conference - 2013 (Bangalore):
      Website - http://www.globalbitcoinconference.com/
      Promo - http://www.youtube.com/watch?v=0zYA6NuXghs
      Photos - https://drive.google.com/folderview?id=0Bz7gxz-jrOS6aUkydWlCczhXODA&usp=sharing
      Videos - http://www.youtube.com/channel/UCoZg1iW6fGDZhkIqmMgbf7A

Alliance/association:
Bitcoin Alliance India - http://www.bitcoinalliance.in/ [CAUTION: Integrity issues.]

Legal Advice :
http://www.critaxcorp.com/

Name-: Kanishk Agarwal, Advocate
Areas of practice-: Criminal, Taxation and Corporate
Phone : +919971666252, +919999966252

Tax Consultant :
Gupta & Co Advocates & Chartered Accountants

Name : Devesh Gupta
Services : Direct taxes, with 25+ years experience in Income Tax, Sales Tax, Wealth Tax, Scrutiny and appellate assessment proceedings
Phone : 09654712612
Email : fierydev@gmail.com