Welcome to Daily Current Affairs for 01 April 2026. In this article, you will get the most important national and international current affairs with short explanations. Additionally, you will find exam-important one-liners and MCQs for UPSC, SSC, Banking, Railways and State government exams.
1. New Income Tax Act 2025 Comes into Force from 1 April
Income Tax Act 2025 replaces the six-decade-old 1961 tax law from 1 April 2026. Moreover, the new Act simplifies language, removes obsolete provisions, and restructures compliance rules for easier taxpayer understanding. Therefore, it marks one of the biggest tax reforms after GST-era procedural modernisation. It is in news because implementation begins with the new financial year. For exams, note that direct tax reform aims at reducing litigation, improving clarity, and supporting digital tax administration under CBDT supervision.
2. India Begins First Fully Digital Census 2027 with Phase 1 Enumeration
Registrar General and Census Commissioner of India begins Phase 1 of Census 2027 from 1 April 2026, starting the first fully digital census exercise in India. Moreover, housing listing and asset data will be collected through mobile devices and digital platforms. Therefore, this census becomes historically important because India’s last census due in 2021 was delayed. It is in news because policy planning, delimitation, welfare targeting, and demographic forecasting depend heavily on census data.
3. Navegaon-Nagzira Tiger Reserve Takes Full Buffer Zone Control
Navegaon-Nagzira Tiger Reserve in Gondia district assumes administrative control over its notified buffer zone from 1 April. Moreover, this strengthens habitat protection, eco-sensitive management, and wildlife corridor regulation around the reserve. Therefore, the move is important for tiger conservation because buffer zones reduce human pressure on core habitats. It is in news because integrated buffer governance improves conservation outcomes under the National Tiger Conservation Authority framework.
4. Lok Sabha Passes Insolvency and Bankruptcy Amendment Bill 2026
Lok Sabha passed the Insolvency and Bankruptcy (Amendment) Bill 2026 to accelerate resolution timelines and strengthen creditor recovery mechanisms. Moreover, the Bill introduces cross-border insolvency provisions and expands institutional clarity for stressed asset management. Therefore, it is important because delayed insolvency cases had weakened resolution efficiency. It is in news as India seeks stronger financial system credibility and improved ease of doing business.
5. CBDT Signs Record 219 Advance Pricing Agreements in FY 2025–26
Central Board of Direct Taxes signed a record 219 Advance Pricing Agreements (APAs) during FY 2025–26, the highest annual number since the programme began. Moreover, total APAs crossed one thousand, including unilateral and bilateral agreements. Therefore, the development is significant because APAs reduce tax disputes in transfer pricing involving multinational companies. It is in news because stable tax certainty improves foreign investment confidence.
6. IndiGo Appoints Willie Walsh as Chief Executive Officer
IndiGo appointed aviation veteran Willie Walsh as Chief Executive Officer. Moreover, his global aviation experience is expected to support fleet expansion, international route growth, and operational efficiency. Therefore, the appointment gains importance because IndiGo is India’s largest airline and a major player in global low-cost aviation. It is in news due to India’s rapidly expanding civil aviation market.
7. Tripura Panchayats Receive National Rural Development Awards
Three panchayats of Tripura received top honours under Deen Dayal Upadhyay and Nanaji Deshmukh Panchayat Satat Vikas Puraskar 2025. Moreover, Sepahijala district emerged as the best District Panchayat nationally. Therefore, Tripura’s success reflects effective decentralised development in health, women’s participation, and local governance. It is in news because panchayat performance increasingly influences grassroots policy benchmarking across India.
8. Eutelsat Negotiates with ISRO for Satellite Launch Cooperation
Eutelsat is negotiating with Indian Space Research Organisation to diversify launch options beyond SpaceX and Ariane systems. Moreover, the company seeks stable launch access after losing Russian Soyuz options. Therefore, India’s launch capability gains strategic commercial significance. It is in news because India’s commercial space launch market is becoming globally competitive.
9. India and Russia Sign MoU for Joint UAV Satellite Laboratory
India and Russia signed an MoU to establish a joint UAV satellite laboratory in India. Moreover, the initiative aims to promote drone systems, satellite integration, and applied aerospace research. Therefore, it reflects continuing strategic technology cooperation. It is in news because dual-use drone technologies are increasingly important in defence and civilian sectors.
10. International Film Festival Delhi 2026 Concludes at Bharat Mandapam
The seven-day International Film Festival Delhi 2026 concluded at Bharat Mandapam after screening over 125 films. Moreover, workshops, cultural events, and public discussions strengthened its outreach. Therefore, the festival marks Delhi’s growing role in India’s cultural diplomacy and global cinema engagement. It is in news because new international film platforms support India’s creative economy and cultural visibility.
10 MCQs with Description
1. Income Tax Act 2025 replaced which earlier law?
A. Finance Act 1972
B. Income Tax Act 1961
C. GST Act 2017
D. Direct Tax Code 2010
✅ Answer: B
📝 Explanation:
The new law simplifies language, removes outdated provisions, and modernises tax compliance.
2. India’s Census 2027 Phase 1 mainly covers:
A. Election counting
B. Housing listing and household data
C. Population final tabulation only
D. Economic survey only
✅ Answer: B
📝 Explanation:
Phase 1 focuses on house listing, amenities, and digital asset mapping.
3. Navegaon-Nagzira Tiger Reserve is located in:
A. Madhya Pradesh
B. Maharashtra
C. Chhattisgarh
D. Odisha
✅ Answer: B
📝 Explanation:
It is situated in Gondia district of Maharashtra.
4. The Insolvency and Bankruptcy Amendment Bill 2026 mainly aims to:
A. Increase corporate tax
B. Speed up insolvency resolution
C. Regulate GST appeals
D. Expand cooperative banking
✅ Answer: B
📝 Explanation:
The amendment focuses on quicker case disposal and stronger creditor rights.
5. Central Board of Direct Taxes signed record APAs related to:
A. GST settlement
B. Transfer pricing certainty
C. Customs duty reduction
D. Rural taxation
✅ Answer: B
📝 Explanation:
Advance Pricing Agreements reduce tax disputes for multinational firms.
6. IndiGo appointed which aviation veteran as CEO?
A. Akbar Al Baker
B. Willie Walsh
C. Tim Clark
D. Campbell Wilson
✅ Answer: B
📝 Explanation:
Willie Walsh brings major international airline leadership experience.
7. Which state’s panchayats received major national rural governance awards?
A. Assam
B. Tripura
C. Bihar
D. Jharkhand
✅ Answer: B
📝 Explanation:
Tripura’s Sepahijala district received top recognition.
8. Eutelsat is headquartered in:
A. Germany
B. France
C. Italy
D. Spain
✅ Answer: B
📝 Explanation:
Eutelsat is a French satellite operator.
9. India-Russia UAV satellite lab mainly relates to:
A. Agricultural census
B. Drone and satellite technology cooperation
C. Space tourism
D. Weather forecasting only
✅ Answer: B
📝 Explanation:
The MoU supports aerospace and UAV applications.
10. International Film Festival Delhi 2026 concluded at:
A. Vigyan Bhavan
B. Bharat Mandapam
C. Siri Fort
D. Rashtrapati Bhavan
✅ Answer: B
📝 Explanation:
Bharat Mandapam has become a major event venue in New Delhi.
Most Important Expected UPSC Prelims Questions
1. With reference to the new Income Tax Act, consider:
It replaces the 1961 law.
It aims at simplification of tax language.
It abolishes direct taxes.
A. 1 and 2 only
B. 2 only
C. 1 and 3 only
D. 1, 2 and 3
✅ Answer: A
📝 Explanation:
It simplifies but does not abolish direct taxation.
2. With reference to Census in India, consider:
Census is conducted under the Census Act.
Census data affects delimitation and welfare policy.
Census is conducted every five years.
A. 1 and 2 only
B. 2 only
C. 1 and 3 only
D. 1, 2 and 3
✅ Answer: A
📝 Explanation:
India conducts census normally every ten years.
3. Which statement best describes a tiger reserve buffer zone?
A. Area where no human activity is allowed
B. Area surrounding core habitat allowing regulated use
C. Reserved for tourism only
D. Controlled by municipal authority
✅ Answer: B
📝 Explanation:
Buffer zones permit regulated coexistence.
4. Advance Pricing Agreements mainly help in:
A. Land registration
B. Tax certainty for multinational transfer pricing
C. Public debt borrowing
D. Insurance regulation
✅ Answer: B
📝 Explanation:
APAs reduce tax litigation.
5. Which of the following best reflects India’s growing space diplomacy?
Commercial launch partnerships
Satellite cooperation agreements
Private launch market participation
A. 1 and 2 only
B. 2 only
C. 1 and 3 only
D. 1, 2 and 3
✅ Answer: D
📝 Explanation:
All three trends are visible in India’s expanding space sector.
FAQ – Daily Current Affairs 01 April 2026
Q1. Which exams require daily current affairs preparation?
UPSC, SSC, Banking, Railways, Defence and State PSC exams require daily current affairs preparation.
Q2. How can I revise current affairs quickly?
You should revise one-liners daily and practice MCQs regularly for better retention.
Q3. Is this current affairs useful for UPSC prelims?
Yes, it is useful for UPSC prelims as it includes national, international, economy, schemes and sports updates.
✅ Conclusion
Daily Current Affairs 01 April 2026 provides important news updates with exam-focused revision points and MCQs. Keep visiting our website daily for the latest updates and PDF notes.Images are not actual its AI generated for better informative.