In this paper we have proposed a linguistically informed recursive neural network architecture for automatic extraction of cause-effect relations from text. These relations can be expressed in arbitrarily complex ways. The architecture uses word level embeddings and other linguistic features to detect causal events and their effects mentioned within a sentence. The extracted events and their relations are used to build a causal-graph after clustering and appropriate generalization, which is then used for predictive purposes. We have evaluated the performance of the proposed extraction model with respect to two baseline systems,one a rule-based classifier, and the other a conditional random field (CRF) based supervised model. We have also compared our results with related work reported in the past by other authors on SEMEVAL data set, and found that the proposed bi-directional LSTM model enhanced with an additional linguistic layer performs better. We have also worked extensively on creating new annotated datasets from publicly available data, which we are willing to share with the community.