Well I would not suggest you to go for Philips TV, because generally for TVs the brand name comes at top is LG, Samsung, Sony etc.
So its better if you choose one among them...!
I am having a phillips CRT for the past 10 years and its working nicely without any repair
So its not that bad but as you said in HDTV market LG, Samsung, Sony are the best.
You better increase your budget by 2k and get Samsung series 4 or 5 32" LCD TV. I think 26" looks too tiny.
Rightly said buddy!
Check this LED TV from samsung. This one will be the best choice which fits your budget(Rs25k-Rs.29k)
An elegant blend of practicality and performance - UA27D5000NR - LED TV - Television | SAMSUNG
Check out the price from below
An elegant blend of practicality and performance - UA27D5000NR - LED TV - Television | SAMSUNG
Its almost impossible to get cheaper TV than this for 24"-26" screen size.
If you want better than this means you've to increase your budget to Rs.33k and get 32" full HD tv. HDTVs they're bigger the better (in terms of viewing comfortness)
Otherwise go for 22" inch Full HDTV which you can easily get below Rs.25k. But my advice is to save some money and get a bigger one