ASUS m2A mx -2300 (I have this board, bought 3 months back)
Athlon LE 1600(it has HUGE reviews on newegg) -2k OR AMD sempron 1200(cheapest cpu today) Rs.1600
512mb ram - xp runs great on 512mb
local cabinet/smps
Get a second hand 80gb hdd from one of the forum members here(bazaar section) - Rs. 1000
== Rs. 6500
IMO - make sure to get a logitech mouse(350) inntead of cheap flimsy 'quantum or gemini mouse.
yahh thats the cheapest set.....
heres the full config -
AMD sempron 1200(cheapest cpu today) Rs.1500 (probably 1 yr warranty)
ASUS m2A mx -2300 or lesser
512mb ram DDR2 533mhz ~700/- or less
80 gb hdd 1600/- or 160 gb 1850/-
any combo/DVD writer 1100/-
local cabinet+ 250 / 300W smps = 900/-
MS / Logitech KBD+mouse combo 650/-
any local branded speaker with warranty (frontech / foxin/ tech com) 250/-