Daily Current Affairs – April 3, 2026

India's tax office has challenged treaty benefits claimed by Jane Street's Singapore arm, suspecting ₹8000 crore in escaped income. The department invoked the MLI-Principal Purposes Test, questioning if obtaining treaty benefits was a primary purpose of the arrangement. This move could impact tax exemptions on derivative profits for Singapore-based FPIs.

India has waived customs duty on key petrochemical imports until June 30. This move provides relief to sectors like pharmaceuticals, chemicals, and textiles. The government aims to ensure stable domestic supplies and control prices. This exemption is a temporary measure to support industries and consumers.

In the run-up to Assembly elections this month, social media is flooded with viral memes and AI-generated disinformation, and it is reshaping political speech, influence and visibility online

The Additional Advocate General T. Rajanikanth Reddy, appearing for Telangana government, informed the bench that already the government applied for environmental clearance for the project

Police arrested Mr. Oli and former Home Minister Ramesh Lekhak, a day after Prime Minister Balendra Shah was sworn in following the first elections since the September uprising that toppled Mr. Oli's government

The neighbours and one-time allies have been locked in an escalating conflict over claims from Islamabad that Afghanistan is harbouring militants responsible for cross-border attacks, which the Taliban government denies

The Reserve Bank of India has banned banks from offering or rebooking rupee non-deliverable forward contracts. This move widens the gap between domestic and overseas currency markets. Banks are now selling dollars locally and buying them abroad. This action aims to curb speculative trading and support the Indian rupee against the US dollar.

Elon Musk's SpaceX is reportedly targeting an IPO valuation exceeding $2 trillion, potentially making it the largest stock market listing ever. The company is in discussions with prospective investors, aiming to raise up to $75 billion. This ambitious valuation follows a recent merger with Musk's AI startup, xAI.

Bank holiday today, 3 April: All banks, including SBI, HDFC Bank, PNB, Axis Bank and ICICI Bank will be closed in these cities, according to the RBI Bank Holiday calendar. Check the full list inside.

India faces rising diabetes and obesity rates. With new generic semaglutide versions emerging, experts warn about potential misuse and the importance of medical supervision. Safety, consistent quality, and informed use are crucial for effective diabetes and obesity management.

The Indian team will have a five-day preparatory camp at the DLTA Stadium– venue for the competition – and had its first training session on April 2 morning

Now that he has formally crossed the ICC threshold age of 15, a raging debate is underway on whether the left-handed batter should be fast-tracked to the Indian white-ball team; the special ones are always a step ahead of the opposition and have a counter for every game plan