Pc in 45k

Go For This One :

Processor : Intel Core2Duo E8400 - 7925
MotherBoard : Intel® Desktop Board DG965RY - 6500
RAM : Transcend DDR2 2GB 800 Mhz - 1950
HardDisk : Seagate Sata 2 500 GB (16 MB Buffer) - 3300
Optical Drive : Lite - On Lite-On 20X IDE - 1300
Cabinet : Your Choice (But Take Cabinet With SMPS)
Graphic Card : Palit 9600GSO Sonic 384MB DDR3 Sonic - 6500
Monitor : Dell LCD 19'' SE198WFP - 9750
Speakers : Creative Inspire 5.1 Spkrs T6060 - 4350
KeyBoard & Mouse : Logitech G1 Gaming Destop Key + Mouse - 1350
Total : 42925 + CABINET

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Also
Check My Website
*askvarad.blogspot.com

Go for this one.

Intel C2D E8200
MSI P45 Neo
2x2GB DDR2 800MHz
WD Caviar 640GB HDD
Palit HD4850
Cooler Master 600W PSU
CM Elite 330 cabby
Samsung/Sony/LG/LiteOn Optical Drive.
Dell 19" Monitor.
Logitech Wired Multimedia Keyboard.
Logitech MX518 Mouse.
Good 2.1/5.1 Speakers depending on ur remaining money OR your choice.

Happy Fragging.

^^
+1 ....
Nice config. mentioned.
Better get HD 4850 rather than any other low performing card.It fits in your budget well.

Intel C2D E8400
Biostar TP43d2a7 which is awesome oc'er and costs 5.2k
2x2GB DDR2 800MHz
WD Caviar 640GB HDD
Palit HD4850
corsair 450 psu.cooler master 600 is just a 600w label with no 8pin connector
CM Elite 330 cabby
Samsung/Sony/LG/LiteOn Optical Drive.
Dell 19" Monitor.
Logitech Wired Multimedia Keyboard.
Logitech MX518 Mouse.
Good 2.1/5.1 Speakers depending on ur remaining money OR your choice.

^^Thanks for the heads up nish_higher

@count +1 for nish's specs. Also got many choices as per your requirements. If you wanna go less on GPU and more on Proccy+ mobo or better monitor, everything is you who has to decide. Besides I do not understand when there is a separate thread where people are asking same question why are people giving them making a separate hread each and everytime