Let me share my C.A preparation strategy with you.It works for me at least.
First of all,reading newspaper and watching current affairs program(to some extent) is necessary.But i don't read news paper daily.
i read online news papers and magazines once a week i.e every Monday.What i do is that i just go through all week's editions and copy any important articles or news related to topics mentioned in the syllabus or past papers.
After a month,i select one day to read those articles/news carefully and jot down important points and happenings in that month with analysis,solutions,causes etc.phir poora month befikar.
But this strategy can become highly effective only if you have know-how of the background of all important issues.
You can consult any book or different sites on internet to get the required knowledge.If possible make your notes and then you can update these notes whenever you want.
It is not difficult at all just treat it like you are reading a novel or story.
Click here to see an example.
If possible,read about some major events occured in the world such as
World War 1
World War2
Cold War
French Revolution
Bolshevick Revolution
Foundation of UNO
etc
And also read briefly about different concepts and theories like
Socialism
Capitalism
Communism
etc
These topics will not only help you in current affairs but they are also very handy for Essay Writing.
All the Best.