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Vishal Goyal, a Senior Lecturer at the Department of Computer Science, Punjabi University, Patiala who is doing Ph.D. under the guidance of Dr. Gurpreet Singh Lehal, Professor, Department of Computer Science has developed a web based machine translation system which can convert text input in Hindi into Punjabi after translation. You may also translate complete Hindi webpages by specifying the URL, though the processing is annoyingly slow at the moment. [Source: Punjab Newsline Network]
We found that presently the system only accepts input text typed using Krutidev, a popular True type font in Hindi, and doesn't work with Unicode. Vishal clarified in his comment that the tool works with Unicode.