Thanks Kobus, Its working perfectly now. Now when I click on request new password and then I fill the username and E-mail Address, I dont get mails in my mail account informing about the new password. How

do

i configure drupal to send mails to the specified email address

If you can't log in to the site anymore and you haven't set it up properly yet, I believe you'll have to edit the database directly. You should find that in the variables table.

There is also another possibility which I have never used before, but apparently you can overwrite all the items in the variables table by adding them to your settings.php file. You can test this by editing settings.php (typically in the sites/default folder), and see the commented section called 'conf' near the bottom. Uncomment that statement, and add the site_mail item to it as follows:

$conf = array( 'site_mail' => 'your@address.here', );

If you still don't get the mail, you may have to edit the user table to confirm that your mail address for your account is correctly setup. You can edit that in the user table by using a tool such as phpMyAdmin.

I hope this helps.

Kobus