At a budget of 38k, Intel is not the way to go. The suggested configs are great, but don't expect to play demanding games like Crysis, GTA 4 and the new DirectX 11 games like Battlefield Bad Company in 5670 with all the Eye candy enabled. You have to go for medium or lower-medium setting.
According to me Phenom II 965 + HD 5770 is a better option than Core i5-750 + HD5670.
There is no earth shattering performance difference between Core i5 and Phenom II 965. i5 is marginally better. But there is high performance difference between HD 5770 and HD 5670.
My suggestion is
Phenom II X4 965 3.4 GHz @ 8.6k
ECS A785GM-M @ 4.6k or MSI 785GM-E51 @ 4.6k
Corsair 4GB DDR3 1600MHz C9 Titanium @ 5.8k
PSU: Gigabyte 550W @ 3.7k
Display: BenQ 22" G2220 FULL HD LCD Monitor @ 7.5k
Graphics Card: PowerColorHD5770 1GB GDDR5 V2 @ 9.6k or XFX HD 5770 @ 9.6k (3 Yrs Warranty compared to 2 Years of other brand)
Total is around near to 40k. But the street price of most of the item is lower than the mentioned price. So probably you will get everything within your budget. This config will provide you best performance on your budget and quiet future-proof.