Business and economy

• In India, a new income tax law comes into effect. It is a significant change on the old 1961 statute, and contains a controversial "angel tax" provision seeking to capture some of the income entering the country from foreign investors funding India's start-ups. (Bloomberg Tax)

Disasters and accidents

• Tornado outbreak of March 31 – April 1, 2023
  • The toll from yesterday's tornado outbreak rises to 32 people dead and at least 90 injuries, especially in the states of Arkansas and Illinois. (CNN)
• Two people are killed and another is injured after a hot air balloon catches fire near Teotihuacan, State of Mexico, Mexico. (AP)

International relations

• Russia assumes the Presidency of the United Nations Security Council as part of the standard monthly rotation among the council's 15 members. (BBC News)

Science and technology

• Professor Alan Jamieson of the University of Western Australia's Minderoo-UWA Deep Sea Research Centre announces that his team has captured footage of a snailfish species, Pseudoliparis belyaevi, swimming at 8,336 metres (27,349 ft) in the Izu–Ogasawara Trench off Japan's southern coast. This is the lowest depth recorded for any fish, and closest to the estimated maximum depth possible for fish to survive. (BBC News)