New Delhi [India], February 1 (ANI): NITI Aayog CEO Amitabh Kant on Tuesday said that the Union Budget is very progressive and forward-looking and prepares India for the next stage of its sustained growth.

Speaking to ANI, Kant said, "It is a very progressive and forward-looking Budget. It prepares India for the next stage of its sustained growth. It is a continuation of the last year's Budget. The real highlight of the Budget is its huge expansion on the capital expenditure."

Also Read | PM Narendra Modi Hails Union Budget 2022-23 As ‘People-Friendly and Progressive’.

He further said, "This Budget looks at sunrise areas of growth. India needs to go green, India needs to go digital and that is what this Budget pitches for. It pushes for urbanization, clean electricity, clean mobilization, and digital rupee."

The NITI Aayog CEO added, "The Budget says that virtual assets like cryptos will not be banned but treated as another asset class and attract a tax of 30 per cent on capital gains. It has gone for a regulation, which is a good thing for a new asset class like crypto."

Also Read | Punjab Assembly Elections 2022: From Amritsar East To Lambi Vidhan Sabha Seat; Here Are Seven Key Constituencies.

Union Finance Minister Nirmala Sitharaman presented the Budget 2022-23 in Parliament on Tuesday. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)