Rinse 1/2 cup rice and soak for 15 to 20 minutes
Boil 4 cups milk in a heavy-bottomed pan
Add the soaked rice and cook on low heat, stirring often
Cook until the rice becomes soft and the milk reduces slightly
Add 1/2 cup sugar and mix well
Add 1/4 teaspoon cardamom powder
Add 2 tablespoons ghee-fried cashews and raisins
Add a few strands of saffron if desired
Simmer for a few more minutes until the payasam thickens
Turn off the heat and serve warm or chilled