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The IUP Journal of Physics
Foreword

Geological studies estimate earth to be around 4.5 billion years old. Anthropological studies reveal that the anatomical evolution of human beings was completed some 50,000 years ago. There is however no study that gives us an estimate of when the first seed of man's quest to know about the universe in which he is placed was sown. Nonetheless, man's eternal prayer has been: "What in me is dark, / illumine, what is low, raise and support".

Right from Galileo Galilei to Issac Newton, Albert Einstein, Max Planck, Werner Heisenberg to today's Steven Weinberg, A Salam, S Glashow, Gell-Mann, Neeman, Stephen Hawking, it is the quest to `comprehend the apparently incomprehensible'the underlying reality behind the universethat has eluded and is eluding the greatest scientists of the day. And with the postponement of the experiments supposed to have been conducted using the Large Hadron Collider (LHC) built beneath the Franco-Swiss border by CERN, the nature of `reality' continues to be an enigma.

Intriguingly, as early as in the 19th century, the end of this enigma appeared to have come closer to man when Albert Michelson said: "Future discoveries (in Physics) must be looked for in the sixth place of decimals." But that is not what it turned out to be: Einstein came out theorizing that space and time are inextricably interrelated and that mass and energy are two sides of the same coin. Then we had Max Planck coming out with a theory that rocked the world of Physics: light and other forms of energy exist as discrete particles, `quanta'. Disturbed by what Werner Heisenberg from Copenhagen, Paul Dirac from Cambridge, and Erwin Schrödinger from Zurich said under their quantum mechanics, Einstein expressed his anguish in his famous dictum: "God does not play dice."

Thus emerged the intellectual battle in explaining `quantum' between the group of Physicists led by Einstein on one side and the other led by an equally brilliant Niels Bohr. Over the years, experimental physicistsJohn F Clauser, Staurt Freedman, Alain Aspect, Jean Dalibard, Gerard Rogehave however tended to tilt towards Bohr's proposition. Nevertheless, there are many Physicists who continue to believe that particles are real even at the sub-atomic level and that the theory of quantum mechanics is incomplete.

This great debate about the `reality' behind the universe has to perhaps, wait for the CERN's experiments with its LHC to be completed for a final resolution.

In the meanwhile, man's eternal quest being what it is"I could be bounded in a nutshell and count myself a king of infinite space"The IUP Journal of Physics brings to you an update on the current thinking of Physicists on these matters in the form a special issue"Fundamental Physics: Contemporary Thinking"under the guest-editorship of
Dr. V V Dvoeglazov, Professor of Physics, Universidad de Zacatecas, Mexico, himself an eminent researcher with active interest in the fields of relativity, gravitation, and cosmology.

We thank Dr. Dvoeglazov for accepting our invitation to be the Guest Editor of the special issue and also the contributors for making this endeavor a grand success.

-- GRK Murty
Managing Editor

Editorial Introduction

This special issue on `Fundamental Physics: Contemporary Thinking' includes papers by Múnera, Mitskievich, Zachary and Gill, Mahato, Cervantes, Sachs, Stepanyantz, Silagadze, Khlopov and Enders.

The Múnera paper advocates the absolute space concept. His basis is the Miller-like interferometer experiments, which have been repeated recently. Obviously, they contradict the Poincaré hypothesis that "the translational motion of earth could not be detected by experiments carried out in our terrestrial laboratory." Another good point of his article is his analysis of the historical concepts and bibliography. Apparently, he tries to justify the use of a new method of measuring velocity without a reference object.

Two of Mitskievich's papers deal with higher dimensions and various generalizations of equivalence principle and 4-vector potentials. However, we would like to draw the readers' attention to an interesting paper on relations between Galileo and Lorentz transformations (cf. also [1]).

Lectures of W Zachary and T Gill have been presented originally at the Merida Workshop of 2006. "A modification of the conventional Maxwell theory is constructed by replacing the observer time by the proper time of the source"that is their main idea. This is related to the previous works of Horwitz and Piron and Fanchi [2]. "Among other results, it is shown that the group veclocity of electromagnetic waves has different values in two inertial frames that are in uniform relative motion." It seems that this is related to the reinterpretation of relativistic mass. They believe that "both Einstein and Ritz were correct (corresponding to the choice of different conventions)." Next, "...except for a constant scale change, the inhomogeneous proper-time group has the same Lie algebra as the Poincaré group." Some other unusual statements (for instance, concerning the experiments of Pound and Snider [3]) have been made in these lectures.

Mahato again states that "torsion is uniformly nonzero everywhere", (see ref. [4]). He considers `multiplicative torsion'. His article "has been prepared to study the possibility of obtaining a conserved axial current following the results obtained in [4b]". Moreover, he intends to explain the dark matter/energy problems by introducing scalar fields.

D Cervantes studies discrete symmetries and Galilean invariance of the Schrödinger-Pauli equations resulting from the limiting procedure of the Dirac equation.

M Sachs tries to construct the unified field theory. The direct product of two 4-spinors would give the spin-2 under Sachs' definitions only. The basis for these definitions should be explained in detail. It is well known from Bargmann and Wigner that the multispinor of the second rank gives spins 0 and 1,( ref. [5]). A more detailed discussion on magnetic monopoles could also be interesting, because a few other authors report that magnetic monopoles have already been found in experiment, (e. g., ref. [6]).

Stepanyantz from Moscow State University contributed to this issue. We hope that specialists would enjoy his results.

Silagadze argues that the introduction of the mirror dark matter [7] "has a potential to reconcile ... seemingly contradictory observational facts." In fact, the author suggests that "left-right symmetry of the world could be rescued by duplicating the non-symmetric part of our left-handed universe in the mirror."

The Khlopov paper is on the intersection between particle physics and cosmology. As far as we remember, the technicolor model has been proposed in the 1980s. But, what is important in the Khlopov paper, in our opinion, is that the dark matter is again associated with some kind of particles (WIMP?).

Enders' paper, which concludes the issue, is rather a historical one.

In fact, in preparing this special issue, we have tried to inflame discussions and pay attention to some old things, that is, to do the same as in the previous books of the Guest Editor [ref. 8, 9, 10] and in several special issues of other journals. We hope that it will be possible to advance science in this way.

-- Valeriy V Dvoeglazov,
Guest Editor
Universidad de Zacatecas
Zacatecas 98064 Zac.
Mexico

-- GRK Murty
Managing Editor
IUP

References

1. Selleri F, Found. Phys. 26, 641 (1996); Found. Phys. Lett. 18, 325 (2005); R. de Abreu, physics/0212020, 0512196, 0603258, Eur. J. Phys. 26, S117 (2005).

2. Horwitz L P and Piron C, Helv. Phys. Acta 46, 316 (1981), Fanchi J R, Parame-trized Relativistic Quantum Theory (Kluwer, Dordrecht, 1993).

3. Pound R V and Snider J L, Phys. Rev., 140, B788, (1965).

4. Mahato P, Ann. Fond. Broglie 32, 297, (2007); (b) Int. J. Mod. Phys. A22, 835, (2007).

5. Dvoeglazov V V, Int. J. Mod. Phys. B20, 1317, (2006).

6. Lochak G, Series of Articles in Ann. Fond. Broglie (2002-2008).

7. Yu I Kobzarev, Okun L B and Ya I Pomeranchuk, Sov. J. Nucl. Phys. 3, 837 (1966); Phys. Usp. 50, 380 (2007).

8. Dvoeglazov V V, Photon and Poincare Group (Nova Science Publishers, NY, USA, 1999).

9. Dvoeglazov V V, Photon: Old Problems in Light of New Ideas (Nova Science Publishers, NY, USA, 2000).

10. Dvoeglazov V V, Relativity, Gravitation, Cosmology (Nova Science Publishers, NY, USA, 2004).

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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

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