Important Current Affairs 13th December 2018

Economic news

RBI slaps 1 crore fine on Indian Bank for violating cyber security norms
The contravention is with regard to RBI’s directions on Frauds- Classification and Reporting by Commercial Banks.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers
About Indian Bank
Indian Bank is an Indian state-owned financial services company established in 1907 and headquartered in Chennai, India.

Defence news

Indian Navy inducts its first Deep Submergence Rescue Vehicle
The Indian Navy on Wednesday inducted its first Deep Submergence Rescue Vehicle (DSRV) System at the Naval Dockyard in Mumbai.
DSRV is used to rescue crew members stranded in submarines that get disabled. The Indian Navy joins a select group of naval forces in the world that boasts of this niche capability.
The DSRV can be operated at a depth of 650 meters and can hold around 15 people. The Indian Navy in March 2016 had commissioned two DSRVs, the second will deployed at the Eastern Naval Command in Visakhapatnam.

Sports news

ITTF award for Manika
India’s star paddler Manika Batra was bestowed with the International Table Tennis Fedreation’s (ITTF) Breakthrough star award 2018. 
In 2018, Manika won 4 medals in commonwealth games. These are women’s singles gold,women’s doubles silver and mixed doubles bronze.
She also begged bronze in mixed doubles in the Asian Games 2018.

National news

Zoramthanga as the new CM of Mizoram
Mizoram Governor Kummanam Rajasekharan on Wednesday afternoon invited Mizo National Front (MNF) president Zoramthanga to form the government.
Outgoing Congress Chief Minister Lal Thanhawla had submitted his resignation an hour before Mr Zoramthanga had staked the claim. The current term of the Assembly expires on Friday.

Shri Nitin Gadkari flags off first container mainline vessel at Tuticorin
Shri Nitin Gadkari, Union Minister for Shipping and Road Transport & Highways and Water Resources, River Development & Ganga Rejuvenation flagged off the first container mainline vessel from VoC Port (Tuticorin Port).
At present containers from Tuticorin to Far East countries viz Malaysia, Singapore, China and Hong Kong are transited by the feeder vessels to Colombo where they are further connected to the mother vessel .
In the last four years, Tuticorin Port has made investments to the tune of Rs 1,500 crore towards improvement of infrastructure.

SWIFT India
SWIFT India has appointed ex-SBI chief Arundhati Bhattacharya as the new chairman of its board.
SWIFT India is a joint venture of top Indian public and private sector banks and SWIFT (Society for Worldwide Interbank Financial Telecommunication). 

International News

Vice-Chair of the UN Panel of Auditors
Comptroller and Auditor General Rajiv Mehrishi has become the Vice-Chair of the UN Panel of Auditors. The United Nations Panel of Auditors consists of External Auditors of the United Nations and its agencies.
The United Nations General Assembly in 1959 established the Panel of External Auditors. Presently, the panel consists of 11 countries.

Adoption of global compact on migration in Marrakech hailed a victory
UN members states adopted the Global Compact on Migration in Marrakech.
The adoption is a victory for a progressive new framework of how the world views migrants and agrees to protect their basic human rights.
The GCM creates a non-legally binding and co-operative framework that builds on the commitments agreed upon by member states in the New York Declaration for refugees and migrants of December 2016. 

UAE's Federal National Council to be 50 per cent women
President Sheikh Khalifa has called for Emirati women to occupy 50 per cent of the country's Federal National Council after next year's elections.
 Currently, there are eight women members — representing 20 per cent of the 40 available seats. Dr Al Qubaisi was also the first woman elected to the FNC in 2006.