Best Camera for 12k via kmd give me some suggestion and video recording is a must
Canon S3 IS. Very good image quality and good video quality too.
Increase your budget by 3-4k and get DMC FZ18.
how is panasonic tz4
As you are from Mumbai buy it from ‘JJmehta’
The best match for you:
Cannon A720IS
Specs:
8MP, 6x Optical Zoom
4GB Sandisk SDHC card
2Ni-Mh Batteries w/ Charger
Camera Case
Price -13k
Buy it with eye closed
If you can extended your budget 2-3K you can get the awesome:
Cannon SX100IS
Specs:
8MP, 10x Optical Zoom
4GB Sandisk SDHC card
2Ni-Mh Batteries w/ Charger
Camera Case
Price: 15.5K
These are there website prices may be you can get them 400-500 less if you query at their shop 