Getting a good desktop with effects like shadows and stuff is the challenge here. After some fiddling around (conky doesnot play well with compton), I was able to get a working setup.
1. Installing compton
sudo add-apt-repository ppa:richardgv/compton
sudo apt-get update && sudo apt-get install compton
2. Open /home/<user>/.config/compton.conf, create one if it doesnot exist. Put these in
shadow = true; # Enabled