This just in from India - Micromax has introduced the Canvas 2.2 A114, which is currently selling on Flipkart.com for INR 12,999 (around $210).
In addition to dual-SIM support, the smartphone brings a 5" qHD (960 x 540 pixels) display on tap, MediaTek MT6582M chipset with a quad-core 1.3 GHz CPU, 8 MP snapper on the back and a 2 MP one on the front, 1 GB of RAM and 4 GB of expandable storage built-in.
Connectivity includes Wi-Fi, Bluetooth, 3G but naturally lacks LTE support. There's also a 2000 mAh battery inside. The device runs Android 4.2 Jelly Bean that looks very close to stock.