In a single term, we can say current affairs are the day to day incidents and events around us. Why are current affairs important? Current affairs play an important role in the student life. It will help the students at the crucial time when they want to study for the examinations.

Current Affairs, refer to the political events and problems happening around the world at the present time that are of national and international importance. which are important for competitive exams.
Current Affairs is one of the most important sections to read while preparing for any competitive exam. Bank Exams, UPSC, SSC, RRB, etc. demand candidates to be updated with everything happening around the world. It forms an integral part of the general awareness section.
Current Affairs is an avenue of journalism that serves to inform on events of political and social interest that have happened at a very recent time or are occurring presently. It often contains a thorough analysis of the content that is done by various important people. Current Affairs is an integral part of publications, as people write about occurring events and their opinions on various events, the most popular method of spreading news. There are many advantages of using the internet to publish about current events, one of the most significant ones is the process. The extensive speed of the Internet results in readers being informed about the new events, or receiving updates on past events.
The current affairs report an everyday list of events happening in a variety of fields like political, social, and administrative controversy, scientific and technological advancements, innovations, and inventions, along with the international events, and is present in all areas which are deemed important enough by newspapers, and magazines.

Current means recent, day to day life and affairs mean events and issues, etc. Therefore current affairs relate to the day to day incidents and events around us. The growing importance of Current Affairs poses the question on the utility of exerting energy on updating oneself with news. The significance of current affairs is undoubtedly different for different people who fall in different age brackets, pursue different objectives and have different interests. However, it can be stated that all social beings are bound to be affected by Current Affairs in more ways than one. Hence, it is advisable that people sit up and take note of this rapidly growing area of study.

Current affairs for students
For students and aspirants who wish to crack important examinations, current affairs is essential because questions related to currents affairs are compulsorily asked in every competitive exam, whether it is an examination of IAS, bank PO/clerks, PSUs, SSCs or entrance examinations like LLB, MBA, etc.

Current affairs for business and service people
The people who are involved in services and business, the knowledge of current affairs will further enhance their job prospects. People who work in share market require latest updates of economic events. Knowing market conditions, inflation percentage or bank lending rates will not only help business honchos but also homemakers who can run a home better if she is equipped with the right information. The knowledge of current affairs helps in raising awareness level and develops an opinion or a perspective on worldly affairs. Such knowledge comes handy while taking decisions in all spheres. For general people current affairs could be a means to satisfy their thirst for knowledge and to keep oneself updated.
In recent times a new area has emerged where the role of current affairs can be seen in prize-winning programmes of different channels, in which the most famous is Kaun Banega Crorepati. The number of participants in the programme has increased rapidly, and were seen drawing upon their current affairs knowledge to win the prize money.
Finally, Current Affairs enables an individual to increase his knowledge of the incidents in his immediate environment.

Current affairs also play a crucial role for students when they want to prepare for competitive exams. And why only competitive exams, even exams conducted for jobs and Interviews also contain questions on general awareness these days. This certainly tells the importance of current affairs in the life of students.
Apart from academic knowledge, students need to be aware of current affairs as most exams and govt. jobs related interviews emphasise on the level of the candidate on how much he is aware about the country. The most difficult entry level exam, civil service exams, which many young individuals aspire to clear also has the question paper which is designed consisting maximum number of current affairs questions. This has really pushed up the level of competition to beat other candidates, you not only require academic knowledge, but you also need to beat the score in the current affairs section to get a score higher than the others.