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PeakMetrics / Fact Checks

Economy & business fact checks

Explore claims publishers have checked about economy & business. Read their original ratings and follow the evidence.

7,095 published reviews in this topic

FACTLYEconomy & business

Minorities of the country are paying less taxes when compared to the majority

Publisher’s rating: FALSE

The post alleged that religious minorities in India pay less tax than the Hindu majority. FACTLY’s review focused on whether India’s tax laws give people different tax treatment because of religion. It reports that tax rates vary with income and that people in the same income bracket face the same rate regardless of religious affiliation. It also says the Income Tax Act does not provide concessions based on religion or caste, and that corporate tax laws offer no religiously based relief. The review identifies a qualification: it says Section 10(26) provides an income-tax exemption to members of Scheduled Tribes in Manipur, Mizoram, Nagaland and Tripura. It describes this as a community-based exemption, not a general religious exemption. On the evidence presented, the article’s conclusion is about equal legal treatment by religion—not a comparison of the actual total tax paid by each religious group. That distinction matters because the post’s wording can refer either to tax rates or to how much each group pays in total. The review supports its conclusion about rates and religious exemptions, but does not present group-level tax-payment data. It separately observes that, because Hindus are the majority, the total tax collected from Hindus would be significantly higher than from minorities, especially Muslims. That is an assertion in the article, not a numerical comparison supported by figures in the supplied text.

FACTLYEconomy & business

Finance Minister Nirmala Sitharaman commented – “My family buys groceries and other things with Indian rupees, we do not use US dollars. Why should we be concerned about dollar value then?”

Publisher’s rating: FALSE

The claim attributes a specific remark about buying groceries with Indian rupees and not using US dollars to Finance Minister Nirmala Sitharaman. FACTLY’s review says that she did not make the quoted comments and focuses on the image used in posts carrying the claim: it traces that image to her speech in the Lok Sabha on 04 December 2019. The review reports that she did not make the alleged statement during that speech. (S1) To check the attribution, the review says it searched online for evidence that Sitharaman had made the comments and found no relevant sources. It also examined the text of the Lok Sabha debate for 04 December 2019. According to the review, the debate text did not contain the alleged remarks; it notes instead that Sitharaman spoke about not eating much onion that day. (S1) The review further reports that the Press Information Bureau clarified that the Finance Minister had made no such statement. These points address both the alleged remark and the provenance of the accompanying image: the image came from a real parliamentary speech, but the review says the quoted words were not spoken there. (S1)

FACTLYEconomy & business

తెలంగాణ రాష్ట్రం పెట్రోల్‌పై రూ. 35.2 టాక్స్ వసూలు చేస్తోంది ; కేంద్ర ప్రభుత్వం ఇటీవల పెట్రోల్/డీజిల్‌లో రాష్ట్రాలకు వాటా ఉండే ఎక్సైజ్ డ్యూటీని తగ్గించింది, సెస్‌ను కాదు

Publisher’s rating: FALSE

FACTLYEconomy & business

పాకిస్థాన్‌లోని దాదాపు 8 లక్షల కోట్ల రూపాయల భారత కరెన్సీని అక్రమంగా భారత్‌లోకి తరలించాలని ప్లాన్ చేశారని, ప్రధాని మోదీకి చెప్పగానే, వెంటనే పెద్ద నోట్లను రద్దు చేసారని రాఘురామ్ రాజన్ తెలిపారు

Publisher’s rating: FALSE

Fact Crescendo Sri LankaEconomy & business

රු.121ක ට පෙට්‍රල් ලබා ගැනීම සඳහා පැමිණි ආකාරය? (PHOTO)

Publisher’s rating: Misleading

The review investigated a social-media photo presented as showing a vehicle arriving to obtain petrol in Sri Lanka for Rs. 121, amid reports that fuel was being supplied at a reduced price to MPs. It notes that the discussion had a real local backdrop: a pump at the Police Transport Division in Narahenpita displayed a price of Rs. 121.19 per litre, and a request concerning fuel for MPs’ vehicles had been raised in Parliament. But the review’s question was whether the circulating photo showed that local event. To check the photo’s provenance, the publisher says it conducted a reverse-image search. It found the image circulating among foreign Facebook users from early March 2022, with many of the posts by Filipinos; it also found that the same image had been posted on a Sri Lankan Facebook page in March. The review therefore concluded that the image was not a recent photograph of a vehicle arriving in Sri Lanka to buy petrol at the reported price. The review’s conclusion identifies the pictured event as having taken place in the Philippines in December 2021. It also reports a later provenance detail: an AFP fact-check found that a Philippine national had shared a different-angle photo in December 2021, and that the image collection contained a photo credited to the Philippine Red Cross. These findings concern the image’s history, not whether the separate local reports about fuel for MPs were true.