DAILY CURRENT AFFAIRS IAS | UPSC Prelims and Mains Exam – 18th May 2023
Archives (PRELIMS & MAINS Focus) Trimbakeshwar Mahadev Temple Syllabus Prelims – Arts and Culture Context: Maharashtra government announced a probe by a Special Investigation Team (SIT) after trustees of the famous Trimbakeshwar Mahadev temple in Nashik district lodged a police complaint, alleging that a group of Muslims forced their way into the temple. IMAGE SOURCE: https://www.mouthshut.com/product-reviews/Trimbakeshwar-Shiva-Temple-Nashik-reviews-925796880 About Trimbakeshwar Mahadev Temple Trimbakeshwar town is an ancient Hindu Pilgrim centre located at the source of the Godavari River, the longest river in peninsular India. Trimbakeshwar is abode of one of the twelve Jyotirlingas. The extraordinary feature of the Jyotirlinga located here is the Linga in the temple is in the form of a three faced embodying Tridev, Lord Bramha, Lord Vishnu and Lord Shiva. The present Trimbakeshwar temple was constructed by third Peshwa Balaji Bajirao (1740-1760) on the site of an old temple. There are entry gates on all the four sides, viz. East, West, South and North. As per spiritual conceptions the direction East denotes the beginning, West denotes maturity, south denotes fulfillment or completion and the North stands for the revelation. In the year 1954 the Sansthan was registered under public trust registration act. Shri Trimbakeshwar Sansthan takes care of daily three-time pooja, all the festivals and gala carnivals of the year. MUST READ: Twelve Jyotirlingas SOURCE: Indian Express PREVIOUS YEAR QUESTIONS Q.1) Consider the following statements about Somnath Temple: It is believed to be the first among the twelve jyotirlinga shrines of Shiva. The present temple was reconstructed in the Chalukya style of Hindu temple architecture. Which of the statements given above is/are correct? 1 only 2 only Both 1and 2 Neither 1 nor 2 Geko Mizoramensis Syllabus Prelims – Environment Context: A team of biologists has recorded the Gekko Mizoramensis as a new species of parachute gecko, so named because of skin flaps along the body and tail enabling it to glide. IMAGESOURCE:https://akm-img-a-in.tosshub.com/indiatoday/images/story/202305/parachute_gecko_0-sixteen_nine.jpg?VersionId=JmD2zbue_V8xocfFehFAgBqk_5Qsf9R_&size=690:388 About Gekko mizoramensis Distribution: The species is found in Southeast Asia. It is specifically found in Mizoram, a region in India, as well as parts of Bangladesh, Myanmar, Thailand, and Cambodia. Gekko Mizoramensis is arboreal, meaning it primarily inhabits trees. It is nocturnal, being most active during the night. The gecko has the ability to glide from one tree to another, aided by its webbed limbs and flat tail. However, it does not possess the capability to fly. SOURCE: The Hindu PREVIOUS YEAR QUESTIONS Q.1) Why is a plant called Prosopis Juliflora often mentioned in the news? Its extract is widely used in cosmetics. It tends to reduce the biodiversity in the area in which it grows. Its extract is used in the synthesis of pesticides None of the above London Interbank Offered Rate (LIBOR) Syllabus Prelims – Economy Context: The Reserve Bank of India (RBI) has asked banks and financial institutions to adopt the Secured Overnight Financing Rate (SOFR), to complete the transition from the scandal-hit London Interbank Offered Rate (LIBOR) and Mumbai Interbank Forward Outright Rate (MIFOR). About LIBOR LIBOR, the acronym for London Interbank Offer Rate, is the global reference rate for unsecured short-term borrowing in the interbank market. It acts as a benchmark for short-term interest rates. It is used for pricing of interest rate swaps, currency rate swaps as well as mortgages. It is an indicator of the health of the financial system and provides an idea of the trajectory of impending policy rates of central banks. LIBOR is administered by the Intercontinental Exchange or ICE. It is computed for five currencies with seven different maturities ranging from overnight to a year. The five currencies for which LIBOR is computed are Swiss Franc, Euro, Pound Sterling, Japanese Yen and US Dollar. The London Interbank Offered Rate and the Mumbai Interbank Forward Outright Rate would cease to be a representative benchmark from June 30, 2023. In 2017, the U.S. Federal Reserve announced the Secured Overnight Financing Rate (SOFR) as a preferred alternative. Accordingly, in India, new transactions were to be undertaken using the SOFR and the Modified Mumbai Interbank Forward Outright Rate (MMIFOR), replacing MIFOR. Secured Overnight Financing Rate (SOFR) SOFR is the main replacement for LIBOR in the United States. This benchmark is based on the rates U.S. financial institutions pay each other for overnight loans. These transactions take the form of Treasury bond repurchase agreements, otherwise known as repos agreements. They allow banks to meet liquidity and reserve requirements, using Treasurys as collateral. SOFR comprises the weighted averages of the rates charged in these repo transactions. SOURCE: INDIAN EXPRESS Khasi Tribe Syllabus Prelims: Demographics Context A tribal council’s order not to issue a Scheduled Tribe (ST) certificate to any Khasi person who adopts the surname of her or his father has triggered a war of words in matrilineal Meghalaya. About Khasi Tribe The Khasis are one of the three indigenous matrilineal communities in the north-eastern State. The other two are Garos and Jaintias. The Khasis inhabit the eastern part of Meghalaya, in the Khasi and Jaintia Hills. Khasis residing in Jaintia hills are now better known as Jaintias. They are also called The Khasis occupying the northern lowlands and foothills are generally called Bhois. The Khasi people are an indigenous ethnic group of Meghalaya in north-eastern India with a significant population in the bordering state of Assam, and in certain parts of Bangladesh. The Khasi people form the majority of the population of the eastern part of Meghalaya, and is the state’s largest community, with around 48% of the population of Meghalaya. Constitutional Status: Under the Constitution of India, the Khasis have been granted the status of Scheduled Tribe. Social Structure: They are among the few Austroasiatic-speaking peoples in South Asia. The Khasis, the Jaintias and the Garos have a matrilineal society. Earlier in the conservative Jaintia non-Christian families, however, the father only visits the family in the night and is not responsible for the maintenance of the family. Inheritance: Khasis follow a matrilineal system of inheritance. In the Khasi society, it is only the youngest daughter or “KaKhadduh” who is eligible to
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