Soak saffron strands in 1 tbsp warm water and keep it aside.
Heat 1 TBSP ghee in a pan and roast cashews and raisins till light golden brown and keep it aside.
In the same pan roast the rava on low flame till a nice aroma comes from it. Transfer it into a bowl and keep it aside.
Add water to the pan and when it starts boiling, lower the flame.
Now add sugar and mix well. Add ghee, saffron strands and keep stirring.
You can add saffron food color in place of saffron.