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Sep 18, 2019 (************************************************************************************************************************************************************************************************************: PM IST | Source:Moneycontrol.com
The Finance Minister announced a complete ban on e-cigarettes in this conference to prevent it from becoming an ‘epidemic’ among the youth.
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Sep 18, 03: 07 PM (IST)
(Cabinet bans e-cigarettes)
The Cabinet has taken a decision to ban e-cigarettes. The ban means the production, manfucaturing, import / export, sale, storage and advertising of e-cigarettes are banned. This is keeping in mind the impact it is having on the youth today, said FM Sitharaman.7371
The Cabinet on September 18 has approved the ordinance banni ng e-cigarettes.The Health Ministry had proposed an executive order from the government banning the devices in public interest. This, it said, was needed to ensure e-cigarettes do not become an ‘epidemic’ among children and young adults. In a draft ordinance earlier Health officials had proposed maximum imprisonment of up to one year along with a fine of Rs 1 lakh for first-time violators.Read more.
Stock price of VST Industries following e-cigarette announcement.
Stock price of ITC following e-cigarette announcement.
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Stock prices of Godfrey Phillips following e-cigarette announcement.
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Union Minister Prakash Javadekar on ban of e-cigarettes: We are trying to curb a problem before it becomes rampant . Current measures on regular cigarette use are slowly taking effect, like smoking in public places is slowly being reduced.
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FM Sitharaman: The Cabinet has suggested passing an ordinance to address this issue, and we hope to take this up in the next Parliament meeting.
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In the United States, there are 7 deaths that are directly linked with e-cigarettes, said FM Sitharaman.
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