Thanks, cc
That is the general gist of it. Your bigger problem: what identifiable group of people has a hole in their life shaped just like a news aggregator/mashup machine?
Edited to add: It is almost never, ever, eeeeeeeeeeeeeeever in your interest to allow yourself to appear poor and desperate, much less to make a point about it. "We are in desperate need of PR person (who can work for free :) )" is the first thing I see on your home page. That tells me you're poor, desperate, and unprofessional. "Indiameme is seeking forward-thinking PR professionals" is a much, much better way to phrase it.
(Forward-thinking, in this case, means willing to work for an unconventional arrangement in which they do your PR and you help them surface their stories. Word to the wise: no sane PR flack will go for this. However, having the offer on your front page won't hurt you.
Site Url http://www.indiameme.com/
Short Description: As a bloggers we are all passionate about the news and daily on goings in India, it is really hard to catch up with the best stuff in news and blog. I also faced simillar problem a while ago and decided to wrote a program to grab the best of stories around India and show it on easy to read simple page.
The main USP, if you will of the site is the sources it polls and the editorial team.