Processor: Intel C2D E7200 - 5.8k
Mobo: MSI P35Neo-F - 4.9k
RAM : 2GB Transcend/Kingston - 1.7k
HDD : WD 160GB - 2k
Optical Drive : Samsung/Sony DVD/RW - 1.1k
KB + Mouse : Logitech Wired Desktop - 0.9k
Cabinet : Zebronics Krish - 1.2k
GFX : HD4670 - 5k
LCD : Viewsonic 19" VG1921WM - 8.8k
PSU : PowerSafe Silver 500W SMPS - 1.7k or CoolerMaster EP500W - 2.3k or get any local brand 500W PSU like Kobian or Zebronics...
Total - comes around 32k....if u choose to buy a local brand PSU...
If u r in real shoe string budget then get ASUS P5K PL VM instead of MSI P35 Neo F which reduces almost 2.2k in the budget....