Heat ghee in a heavy saucepan, add cashew nuts. Fry until brown. Take them out and keep aside. Add onions, bayleafs, cloves, cinnamon sticks, cumin seeds, peppercorns to the same ghee and fry for a while.
Add the rice , salt, water and stir. Cover with a lid and simmer the flame.
Cook until the rice is done.
Serve jeera rice hot, topped with the cashew nuts, with any spicy curry or raita.