Heat oil + ghee in a pressure cooker over medium flame. When hot, add bay leaf and sliced onion. Saute until the onion changes to light golden color.
Add mixed vegetables and turmeric powder. Saute for 10 seconds.
Add mint leaves and coriander leaves. Saute until the leaves wilt.
Add the ground masala paste and saute until the raw smell of the masala goes away and the oil separates at the sides.
Add 2 tbsp curd and saute stirring continuously. Add salt and give a good mix.
Add 2 cups of water (possibly hot water) and give a good mix.
Let the water come to a rolling boil. Check for seasoning and add salt, if needed.
Add the soaked and drained rice. Give a good mix.
Cover the pressure cooker with the lid and pressure cook for 3 whistles on a high flame. Switch off the flame and let the pressure from the cooker release naturally.
Open the cooker lid and mix carefully.
Karnataka style Veg PulavĀ is ready to savor. Serve hot with any gravy kurma, salad, raita, papad, etc.