Thanks to this thread I have finally started to develop my own B&W films. One note of caution though, please try not to use Kodak D76 developer (because it is powder based and harder to measure) unless you have an accurate weighing scale or plan to use the full packet to make stock solution and store.
Also the cheapest place to get all the things needed under one roof (thermometer (meat thermometer), funnels, storage bottles, measuring beaker) etc is IKEA (came to less than $20 for all the above mentioned items).
I bought a developing tank from a fellow CS user and got the chemicals from cathay (I would recommend that any one starting out go for the HC110 or the Tmax developer instead as both are liquids). I happenned to get the Kodak fast fixer and hardener (not sure if this is the best, seemed to work well enough for me).
A Dark bag can be obtained from Ruby Photo. You dont really need a film picker, you can use a plier to ply off the top of the film canister (its quite easy to do, even when you are blind in a dark bag). Total budget to get started should be ~$100 ($30 dark bag (though it is probably available elsewhere for less), $25 for the chemicals, and $25 for the thermometer, beaker etc).
The hardest part of the development process is loading the film on the reel and once this is done the rest is just patience, and sticking to the proper concentration, temperature and timing. I happenned to use the directions on the cover of the developer and fixer. Didnt use an acid stop bath (only water), no HCA or photoflo. Should slowly start using these and see the impact.
I shall give the negatives for scanning soon and shall put up some photos when I get them back. The negatives themselves look okay.
Thanks for all the info here, its been a tremendouns help to me.