Is there a way by which I can read RSS feeds from the terminal itself ? Something that would display the titles and a link to follow. Or maybe a software which works from within the terminal.
Check out the TermFeed it just came out :-) all you need to do is:
$ pip install TermFeed
Then enjoy reading
$ feed <URL>
You might also want to check out Snownews. Another alternative is Raggle (has its own .org site which seems pretty unmaintained, but works fine). Olive on my Ubuntu 10.04 required 10.3MB of dependencies!