bitbake errors

ERROR: Traceback (most recent call last):
  File "/home/kalyan/BBB/poky-krogoth/bitbake/lib/bb/cookerdata.py", line 179, in wrapped
    return func(fn,*args)
  File "/home/kalyan/BBB/poky-krogoth/bitbake/lib/bb/cookerdata.py", line 203, in parse_config_file
    return bb.parse.handle(fn, data, include)
  File "/home/kalyan/BBB/poky-krogoth/bitbake/lib/bb/parse/__init__.py", line 113, in handle
    return h['handle'](fn, data, include)
  File "/home/kalyan/BBB/poky-krogoth/bitbake/lib/bb/parse/parse_py/ConfHandler.py", line 124, in handle
    abs_fn = resolve_file(fn, data)
  File "/home/kalyan/BBB/poky-krogoth/bitbake/lib/bb/parse/__init__.py", line 131, in resolve_file
    raise IOError(errno.ENOENT, "file %s not found in %s" % (fn, bbpath))
IOError: [Errno 2] file $~/BBB/poky-krogoth/meta/conf/layer.conf not found in /home/kalyan/BBB/poky-krogoth/build

ERROR: Unable to parse $~/BBB/poky-krogoth/meta/conf/layer.conf: [Errno 2] file $~/BBB/poky-krogoth/meta/conf/layer.conf not found in /home/kalyan/BBB/poky-krogoth/build