Thanks, everybody.
The Audio-Technica turntable has rave reviews in Amazon.com. It costs about $210. A high-end turntable might run to $1,200 but Audio-Technica is made in the same Chinese factory as the $1,200 turntable with most of the features.
The turntable has a phono-out which would provide for RIAA equalization. But, reading up on RIAA Equalization in Wikipedia, it seems that the standards were not necessarily followed by all LP manufacturers and some like Decca had their own equalization schemes. PHONO-OUT would have to be taken into an amplifier which will then do the RIAA equalization before amplifying the music. So, the best bet seemed to be to take the line output and run it through the LINE-IN of the Sony D-50.
I am not sure the LINE-OUT of the turntable applies RIAA equalization. I must query the manufacturer and get their response on that. Also, RIAA equalization came out after the very late 1950s and I am not sure if the records pressed in India do that kind of technical trickery.
I also plan to convert 78rpm records and have a separate cartridge and needle foe that and RIAA equalization doesn't apply to them or perhaps even to 45 rpm records.
Anyway, I save the original, save the SoundForge-amplified and the Audacity click-removed files. So I can always go back to the source if I need to.
The LPs themselves are not neceassarily in great condition but I am just trying to get the music out of them. I was thinking of 96KHz, 24 bit recording but was advised to stick to 44.1KHz, 16-bit as the source may not be in great condition. Any thoughts on that? Someone also said that going from 48Khz to 44.1KHz sampling would introduce its own errors!
Again, thanks for all the advice and would still like to continue discussing this matter with the knowledgeable folks on Taperssection.