Skip to main content

PeakMetrics / Fact Checks

Economy & business fact checks

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

7,096 published reviews in this topic

https://www.facebook.com/103459658003951/photos/a.103472178002699/304786957871219?type=3&__xts__[0]=68.ARB-GRatl2KO7zb9N4kaU6jlQZI-O90ZGTV3t-_3ofyzNJ6A2dmL8s1ozOq6WBE8FOQQbh2-h7qt-ep1wQEudlSnkEjxsGwuBP_77m7DMbvGT918zPnun0QBJLI6obdB_aAYEYQjxGxmdiKQg4nPq5sTwX9XUVXI4RvmbJXBsRzQO6BpByACUnxVr7-63k8DH95yuJn6BfPU7ixDQRAXnkHCoC6-zq8DtA1px0I8N3OEHTqY2ATqy4Pvv25FcXAt6UDLRSZYnPs9VLn-GmGXpF7AIgdfnMwpEconomy & business

Fake loans purpotedly being issued by Sonko

Publisher’s rating: FALSE

FACTLYEconomy & business

గత ప్రభుత్వాలు పెట్రోల్ కి సంబంధించి ఇతర దేశాల నుండి తెచ్చిన రూ. 2.5 లక్షల కోట్ల అప్పుని మరియు ఈ అప్పుల పై సంవత్సరానికి రూ. 25,000 కోట్ల వడ్డీని నరేంద్ర మోదీ ప్రభుత్వం తీర్చింది

Publisher’s rating: FALSE

FACTLYEconomy & business

GST rates vary based on the total billed amount on the purchases made

Publisher’s rating: FALSE

FACTLY examined a social-media post claiming that GST rates depend on the total value of a shopping bill. The post reportedly advised shoppers to request separate bills of Rs. 1,000 for purchases above that amount, suggesting that doing so could avoid GST. The review states that it found no news articles about shopping malls charging GST based on bill values; its conclusion instead rests on the tax basis described in the review and a denial previously published by D-Mart. The review explains that GST is applied to individual products, rather than calculated from the total bill. It says rates vary according to the type of product purchased and that the GST Council, headed by the Union Finance Minister, decides rates for product categories. It also notes that alcohol for human consumption and petroleum products are among the items outside GST’s purview, distinguishing the general claim about GST from the treatment of particular products. As additional support, FACTLY points to D-Mart’s response to similar posts that circulated in 2017. According to the review, D-Mart said rates are applied to each product under rules set by government tax authorities, not according to bill value. The review therefore rejects the proposed strategy of splitting a bill as a way to change the GST rate: the relevant factor it identifies is what was purchased, not the amount of the combined bill.

FACTLYEconomy & business

TSNPDCL latest job notification for 107 Junior Accounts Officer (JAO) posts in Telangana

Publisher’s rating: FALSE

The review examined a social-media image presented as a recent TSNPDCL recruitment notice for 107 Junior Accounts Officers in Telangana. It reports that the company had not recently issued such a notice and identifies the circulating image as an altered version of TSNPDCL’s 2018 recruitment notification. The review says the number of posts, application deadline and examination date matched the 2018 notice, while the year had been changed to 2021. Its conclusion rests on checking the company’s website for a recent notice and comparing the circulated image with the 2018 notification.

RMIT ABC Fact CheckEconomy & business

"$325 for someone working less than 20hrs is ... below the poverty line."

Publisher’s rating: Correct

Adam Bandt said the $325 COVID-19 Disaster Payment for people working under 20 hours a week was below the poverty line. The review assessed that specific part of a three-part criticism of the payment, separately from Bandt’s comparisons with minimum wages and Melbourne rent. It found those other comparisons had different outcomes; its poverty-line assessment drew on Australian measures of relative poverty and published estimates of weekly income thresholds. [S1]