Let the suspense over tenure extension go on: Raghuram Rajan

Keeping the suspense alive, RBI Governor Raghuram Rajan today said he will not be "cruel" to spoil the speculation over his extension, a decision on which is to be taken after consultation between the government and the incumbent.

Anticipating a question on extension of his tenure after the current three year term comes to an end on September 4, Rajan said he has come with a prepared statement on the issue to the press conference on the second bi-monthly monetary policy for 2016-17.

"Seriously, in such cases a decision is reached after discussion between government and the incumbent. I am sure you will know when there is news," he said.

Refusing to reveal his mind on a second term, Rajan said he was "personally intrigued by all the letters I am supposed to have written" on the issue.

There have been reports ranging from his desire not to seek a second term to his writing to policymakers to put an end to being dragged in the political slug fest over the issue.

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Mathura Cult Chief Ram Vriksh Yadav Killed In Clashes, Say Police

    The members of the cult in Mathura had set off has cylinder explosions when they clashed with the police.

MATHURA: Ram Vriksh Yadav, leader of the cult that clashed with policemen in Mathura on Thursday, was among those killed in the violence, the police have said.Twenty-four people, including two policemen, had diedin the clashes.

Yadav was the key accused of leading the violence andran a camp backed by a private army divided into unitswhich had taken over Mathura's Jawahar Bagh. He had eight cases against him including murder and land-grabbing.

More than 3,000 people of the cult, which called itself Swadhin Bharat Vidhik Satyagrah, hadambushed nearly a thousand policemen with swords, guns and grenades after police launched a drive to evict them.

They also lit hundreds of cooking gas cylinders leading to a huge explosion and causing most of the deaths. Yadav appeared to be among those killed in the fire and his body had been lying in the mortuary for two days, police said.

Two police officers were killed in Uttar Pradesh's Mathura in clashes between police and members of a sect.

The identity of several of those killed, including Yadav, could not be confirmed till Saturday as many of them were charred and no one had turned up to claim them.

According to sources, Yadav hailed from the Ghazipur district of Uttar Pradesh. He formed an offshoot of the Jai Gurudev sect after the death of its leader in 2012 and a fight over succession.

Claiming to be political and social revolutionaries, his group said they were fighting for the abolition of elections and cheaper fuel for everyone.

In March 2014, his group was allowed to camp at Jawahar Bagh for two days after being denied permission to take a protest march to Delhi - an encroachment started which ended on Thursday.

Government sources had told NDTV that they had started action against the encroachment in the park a month ago, when the last appeal by Yadav was rejected by a court.

Chief Minister Akhilesh Yadav's government has faced sharp criticism for the operation. He later said that he did not "anticipate they (members of the sect who attacked cops) would be so well armed".

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