Heat a small pressure cooker with ghee and add bay leaves, cinnamon, cloves, elachi, cumin seeds and fennel seeds. Once cumin seeds Starts spluttering, add onions. Saute them nicely until golden brown.
Once the onions becomes brown add tomato paste. Fry the paste until the raw smell of tomatoes and Palak leaves.Then add red chilli powder,coriander powder and garam masala. Mix them together and fry them for a minute.
Now add the chopped potato pieces and mix them. Fry it for a minute. Now add the soaked rice to the palak gravy and mix well. Add required salt.
Add water and bring it to a boil. Then close the lid of pressure cooker and cook everything in a medium flame for two whistles. Once the pressure releases, open the cooker and fluff the rice with a spoon slowly and top with ghee if required.