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Nirmala Sitharaman press conference highlights: e-cigarettes banned by Cabinet – Moneycontrol.com, Moneycontrol.com

Nirmala Sitharaman press conference highlights: e-cigarettes banned by Cabinet – Moneycontrol.com, Moneycontrol.com


    

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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.

  • 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.

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  • 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.

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     Stock price of ITC following e-cigarette announcement.

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    Stock prices of Godfrey Phillips following e-cigarette announcement.

     Stock prices of Godfrey Phillips following e-cigarette announcement.

  • 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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