Mughal Gardens open for public from Friday

The Mughal Gardens will be open for the public from February 12 to March 19 between 9.30 am to 4 pm, except on Mondays which are maintenance days

 

President Pranab Mukherjee on Thursday inaugurated the annual 'Udyanotsav' or the opening of the Mughal Gardens at Rashtrapati Bhavan for the public.
 
The Mughal Gardens will be open for the public from February 12 to March 19 between 9.30 am to 4 pm, except on Mondays which are maintenance days. 
 
People will also be able to visit the Spiritual Garden, Herbal Garden, Bonsai Garden and Musical Garden, an official statement said. The entry and exit for the public will be from Gate No. 35 of the President's Estate. 
 
On March 20, the gardens will be opened exclusively for special category visitors such as farmers, differently abled persons, defence/para-military forces and Delhi Police personnel. 
 
The Tactile Garden will be open for visually impaired people on March 20 from 11 am to 4 pm. The entry and exit will be from Gate No. 12 on the Church Road.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
 

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'Gravitational waves detected 100 years after Einstein's prediction'

The detected gravitational waves were produced during the final fraction of a second of the merger of two black holes to produce a single, more massive spinning black hole, they said at a news conference in Washington, Xinhua reported

 

Scientists said on Thursday they have detected the existence of gravitational waves, which were predicted by Albert Einstein's theory of general relativity 100 years ago.
 
The detected gravitational waves were produced during the final fraction of a second of the merger of two black holes to produce a single, more massive spinning black hole, they said at a news conference in Washington, Xinhua reported.
 
The gravitational waves were detected on September 14, 2015, at 5.51 a.m. by both of the twin Laser Interferometer Gravitational-wave Observatory (LIGO) detectors, located in Livingston, Louisiana, and Hanford, Washington.
 
Based on the observed signals, LIGO scientists estimated that the black holes for this event were about 29 and 36 times the mass of the sun, and the event took place 1.3 billion years ago.
 
About three times the mass of the Sun was converted into gravitational waves in a fraction of a second -- with a peak power output about 50 times that of the whole visible universe.
 
"Our observation of gravitational waves accomplishes an ambitious goal set out over five decades ago to directly detect this elusive phenomenon and better understand the universe, and, fittingly, fulfils Einstein's legacy on the 100th anniversary of his general theory of relativity," said David Reitze, executive director of the LIGO Laboratory.
 
Rainer Weiss, professor of physics from the Massachusetts Institute of Technology, is one of the scientists who originally proposed LIGO as a means of detecting gravitational waves in the 1980s. 
 
"It would have been wonderful to watch Einstein's face had we been able to tell him," he added.
 
The existence of gravitational waves was first demonstrated indirectly in the 1970s and 1980s by American scientists who found a binary pulsar whose orbit was slowly shrinking over time because of the release of energy in a way Einstein's theory predicted. 
 
Two of the scientists were awarded the 1993 Nobel Prize in Physics.
 
The new discovery, accepted for publication in the journal Physical Review Letters, was made by the LIGO Scientific Collaboration (LSC), a group of more than 1,000 scientists from universities around the US as well as in 14 other countries.
 
"This detection is the beginning of a new era: The field of gravitational wave astronomy is now a reality," said Gabriela Gonzalez, LSC spokesperson and professor of physics and astronomy at the Louisiana State University.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
 

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SBI, UBI, Indian Bank post steep fall in profit

The fall in profit or posting of net loss is due to higher provisioning towards bad loans or non-perfoming assets (NPA)

 

Led by State Bank of India (SBI), three government-owned banks on Thursday declared steep fall in their net profits and two other banks reported net loss for the third quarter of the current fiscal.
 
The fall in profit or posting of net loss is due to higher provisioning towards bad loans or non-perfoming assets (NPA).
 
As a result, on the stock bourses, banking stocks witnessed fall in their prices and in the process wiped out investors' wealth by several crores.
 
The Nifty Bank index on Thursday went down to 14,028.55 points after opening at 14,518.65 points.
 
The Nifty PSU Bank index touched down to 1,983.90 points after opening at 2,045.30 points.
 
India's largest bank SBI declared a net profit of Rs.1,115.34 crore for the quarter ended December 31, 2015 as compared to Rs.2,910.06 crore for the quarter ended December 31, 2014.
 
The bank had provided Rs.8,483 crore (loan loss alone Rs.7,645 crore) during the period under review as against Rs.6,477 crore (loan loss Rs.4,810 crore) provided during the corresponding period of previous year.
 
The bank's total income has increased from Rs.43,783.97 crore for the quarter ended December 31, 2014 to Rs.46,731.01 crore for the quarter ended December 31, 2015.
 
According to SBI, its gross NPA stood at 5.10 percent at the end of third quarter as against 4.90 percent for the period ended December 31, 2014.
 
On its part, Union Bank of India (UBI) declared a lower net profit of Rs.78.54 crore for the third quarter as against Rs.302.42 crore for the corresponding period of the previous year.
 
The bank's total income also came down from Rs.8,921 crore in last fiscal's third quarter to Rs.8,802.06 crore for the quarter ended December 31, 2015.
 
According to UBI, it has recognized deferred tax assets amounting to Rs.332.04 crore which was hitherto recognised as at the year-end, in accordance with the applicable Accounting Standards.
 
Similarly city-based Indian Bank also reported a steep fall in its net profit. The bank has posted a net profit of Rs.42.30 crore for the quarter ended December 31, 2015 as compared to Rs.277.52 crore for the quarter ended December 31, 2014.
 
Indian Bank's total income has increased from Rs.4,321.46 crore for the quarter ended December 31, 2014 to Rs.4,438.40 crore for the quarter ended December 31, 2015.
 
On the other hand, Bank of India and Oriental Bank of Commerce declared net losses for the period under review.
 
Bank of India posted a net loss of Rs.1,505.58 crore as compared to net profit of Rs. 173.38 crore for the quarter ended December 31, 2014.
 
The bank's total income has decreased from Rs.11,947.45 crore for the quarter ended December 31, 2014 to Rs.11,086.95 crore for the quarter ended December 31, 2015.
 
Oriental Bank of Commerce declared a net loss of Rs.424.69 crore as compared to net profit of Rs.19.56 crore for the quarter ended December 31, 2014.
 
The bank's total income has decreased from Rs. 5,458.79 crore for the quarter ended December 31, 2014 to Rs. 5,350.48 crore for the quarter ended December 31, 2015.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
 

 

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