Inclusive of twin fans and the cooler, along with the power supply, My cousin has an estimate of around 42000INR [converted~765$]. That seems still overkill to me, though I haven't yet checked the make of the fan/power-supply and the GPU in his build. Need to check that motherboard and cooler too. Only things that I could gather before he went off were core i5 3570K, G.Skill 8GB, and WD 1TB Internal and an external inverter with a battery backup of around 15 minutes[needed since power outages seems to be the norm here].
I'm just thankful I don't have to factor monitor and other peripherals' cost here. That would have shot up the budget.
Edit: Again, it's the graphics card that shooting it up in your list, Tatsujin. I'll go tomorrow to check if I can get any cheaper deals from local traders.
Yeah, that list is definitely beyond my budget. ^^
Haha yeah I worked my ass off for a whole summer to afford my desktop. Figured if I was going to get one, might as well get a powerful one. Worked lots of over time but well worth it though in my opinion 
I've to begin my articleship anyhow in at the max 6 months after the institute determines the results. A year into that, with overtime maybe, and I should be able to afford a decent graphics card, at the very least.