New Delhi, March 25 Finance Minister Nirmala Sitharaman said on Wednesday that India is on a path of reform, and these reforms are being implemented with conviction and clarity.
In response to the debate on the Finance Bill 2026 in the Lok Sabha, Sitharaman said, "Reform is not happening out of compulsion, but out of conviction, with clarity, confidence, and commitment. India is on this path of reform under the leadership of Prime Minister Narendra Modi."
She further stated that there is a tax administration based on trust, which is being improved by reducing unnecessary hardships for honest taxpayers.
The government has taken various steps to empower MSMEs, farmers, and cooperatives because they are central to creating employment in the production sector and for the overall development of India, she said.
This Finance Bill aims to support them with various measures that improve liquidity while also reducing the compliance burden and giving them the opportunity to make a greater contribution to the larger economy, she added.
Further elaborating on the Bill, the Finance Minister said that customs reforms have been proposed by altering many provisions with the objective to promote trade facilitation.