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Union Cabinet approves banning e-cigarettes; cigarette stocks surge

Updated : September 19, 2019 06:52 AM IST

The Union Cabinet in its meeting on Wednesday approved the banning of e-cigarettes in the country. 
Finance minister Nirmala Sitharaman announcing the ban said that production, manufacturing, import, export, storage, distribution, and transport of e-cigarettes will be banned in the country and an ordinance will be promulgated soon to the effect.
Shares of cigarette maker Godfrey Philips surged 9 percent to Rs 1,023.30 per share on BSE after the government-approved ban.
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