New Delhi, March 25 -- A trust-based tax administration is the central pillar of the Finance Bill 2026, intended to reduce unnecessary hardship for honest taxpayers, stated Finance Minister Nirmala Sitharaman in the Lok Sabha on Wednesday.

Addressing the House, the Minister emphasized that the government is steering the nation through a new era of economic governance characterized by systemic clarity rather than reactive measures.

Sitharaman stated that "India is moving forward with reform not out of compulsion, which is what has happened earlier, but out of conviction, with clarity, confidence and commitment." The Minister further remarked that the nation "is riding on the reform express under the leadership of Hon'ble PM Shri Narendra...