Daily Current Affairs – April 4, 2026

Rupee fall: In a serious twist, India's currency is on a steep decline, echoing previous economic upheavals. A mix of global influences and local policies has resulted in a weakened rupee, affecting everyday expenses for citizens, the financial burden of education, and the overall fiscal health of the government.

Tax authorities nationwide are demanding taxes on partner bonuses and performance pay. Professional firms argue this income is already taxed. Delhi High Court has intervened, directing the Central Board of Direct Taxes to issue a clarification. This issue could impact many partners across India.

Family alleges delay in bringing back mortal remains of crew member who died after missile strike off Oman coast

The government on Thursday (April 2) announced an unprecedented hike of 43% and 55% in the prices of petrol and high-speed diesel (HSD), respectively

The total year-on-year increase in Pentagon spending would be the largest since World War II, U.S. media reported, although presidential budgets are wish lists that have to be approved by Congress, rather than binding orders.

Warren Buffett’s iconic advice — “Be fearful when others are greedy and greedy when others are fearful” — underscores the importance of contrarian thinking and emotional discipline in investing. By understanding market psychology, valuing assets during fear-driven sell-offs, and avoiding herd mentality, investors can identify opportunities and manage risks. The principle remains highly relevant in today’s volatile, sentiment-driven markets.

HDFC Securities expects a muted Q4 for Indian IT stocks, with tier-1 growth at -1.1 to +0.9% QoQ CC. It recommends seven stocks, including Infosys, HCL, LTIMindtree, and Mastek, with potential gains from 12% to 57%. Valuations are attractive post-correction, but growth depends on execution in outcome-driven deals.

All banks in India will operate today, April 4, as it is the first Saturday of the month. While in-branch services are closed on certain weekends and public holidays, digital banking remains accessible for transactions and fund transfers.

India’s heavy import dependence leaves market exposed as Iran supplies falter and Afghanistan-linked routes slow, tightening availability and driving up costs.

The Englishman takes the reins at Kerala Blasters with the team floundering in the ISL. But he knows what it takes to succeed in India, thanks to his experience with Bengaluru FC. In this conversation, he discusses his managerial stints around the world, his formative years in the Manchester United Academy and what he picked up from Alex Ferguson’s methods

The regulation came under scrutiny during a captains’ meeting ahead of the season, with most leaders not in favour of it. While it widens the opportunities for Indian players, it can arrest aspects of their development. And over the long term, it subtly alters the narrative towards favouring specialists and diminishes the all-rounder