Ok Guys after reading through lots of reviews and also taking into consideration a lot of your valuable comments I've come up with the following spec that I am thinking of going for. Please let me know if this is OK.
Intel Core I5-750 (I thought about the I7 860 but on the price scale this is as far as i can push)
MSI P55 GD 65
1 TB Seagate SATA
2*2GB Kingston DDR3
Samsung P2350 24" Monitor
Samsung SATA 22x DVD RW
Logitech KB+Mouse
Powercolor ATI RAdeon HD 5850
Coolermaster cabinet
Cooler master 650W PSU (I thought about the corsair but its too expensive in this part of the world. Costs as much as a Gigabyte UD2 motherboard!!)
Okay considering the coolermaster extreme power plus low efficiency I amgoing with the corsair
Coolermaster Hyper 212+
Intel Core I5-750 (I thought about the I7 860 but on the price scale this is as far as i can push)
MSI P55 GD 65
1 TB Seagate SATA
2*2GB Kingston DDR3
Samsung P2350 24" Monitor
Samsung SATA 22x DVD RW
Logitech KB+Mouse
Powercolor ATI RAdeon HD 5850
Coolermaster cabinet
Cooler master 650W PSU (I thought about the corsair but its too expensive in this part of the world. Costs as much as a Gigabyte UD2 motherboard!!)
Okay considering the coolermaster extreme power plus low efficiency I amgoing with the corsair
Coolermaster Hyper 212+