Economy and jobs

“No oil price hikes under Marcos Sr.”

FactRakers says: Oil prices in the Philippines spiked from 1971 to 1984 — a period marked by two global oil crises — despite then-President Ferdinand Marcos Sr.’s oil regulation policies,

“Workers demanding a wage hike set a factory on fire in Noida in April 2026.”

FACTLY says: This video doesn’t show workers setting a factory on fire during a protest in Noida; it shows a fire that broke out in a chemical factory in Thane in March 2026

“Milk prices “currently are no higher than they were in 1980’s.”

PolitiFact says: Economists usually factor in consumer price inflation when comparing prices over a long period. Milk prices have roughly doubled since January 1980, but consumer prices overall have risen far faster than milk, roughly q…

“A website shared on social media is the official platform for obtaining the QR code for the National Fuel Pass fuel quota.”

“MAS Holdings is shutting down its factories, putting 26,000 jobs at risk.”

“We now are paying the lowest price anywhere in the world for drugs.”

FactCheck.org says: Trump’s deals with certain pharmaceutical companies may have lowered drug prices for some consumers buying certain drugs, but there's no guarantee of savings for Americans in general nor evidence Americans are generally…

“Under the Biden administration, America was plagued by the nightmare of stagflation, meaning low growth and high inflation, a recipe for misery, failure and decline.”

FactCheck.org says: Economic experts told us that federal data do not support Trump’s claim that there was economic “stagflation” during the Biden administration. Inflation was high during much of Joe Biden’s presidency, but economic growt…

“Vehicle tax in Sri Lanka is charged based on the number of airbags in the vehicle.”

“[I]n one year I’ve slashed our gaping trade deficit by a staggering 77%.”

FactCheck.org says: During Trump's first full 10 months in office, the U.S. trade deficit in goods and services decreased 3.9% compared to the same period in 2024. Trump appears to get a 77% reduction by comparing January 2025 and October …

“A new ₹500 currency note bearing the image of Netaji Subhas Chandra Bose has been officially released.”

FACTLY says: A new ₹500 currency note bearing the image of Netaji Subhas Chandra Bose has not been officially released. Neither the Reserve Bank of India nor the Central Government has announced the issuance of such a banknote. The …

“India had temporarily suspended trade with Afghanistan due to escalating unrest in Iran.”

FACTLY says: There is no truth in the claim that India has temporarily suspended trade with Afghanistan due to escalating unrest in Iran. No official announcement or credible report supports this, and the Ministry of Commerce and In…

“Tariff revenues can "easily" pay for a $500 billion increase to the military budget, "pay down Debt, and likewise, pay a substantial Dividend to moderate income Patriots.”

FactCheck.org says: The total amount collected from tariffs in 2025 would be able to pay for only a fraction of one of the president's three proposals.

“Are you ready? 😱😱😱 On August 12, 2026, the world will “lose gravity” for 7 seconds. NASA knows. They're preparing but won't tell us why. In November 2024, a secret NASA document titled "Project Anchor" leaked online. The project's budget is $89 billion, and its goal is to survive a 7-second gravitational anomaly expected on August 12, 2026, at 14:33 UTC.”

“Hindustan Petroleum Corporation Limited (HPCL) has launched petrol capsules that can be dropped into water to instantly turn it into usable fuel for vehicles.”

FACTLY says: There is no truth in the claim that Hindustan Petroleum Corporation Limited (HPCL) has launched petrol capsules that turn water into fuel when dropped in water. There are no credible reports or information to support th…

“The Income Tax Department will have the authority to access individuals’ emails and social media accounts to curb tax evasion starting 01 April 2026.”

FACTLY says: Under the Income Tax Act, 1961, Section 132 provides search and seizure powers. However, the new Section 247 in the Income Tax Act, 2025 does not introduce any new powers. It continues the existing search and seizure ru…

“Before I entered office, 100% of all new net jobs were going to migrant workers. ... But since I took office, 100% of all net job creation has gone to American citizens.”

FactCheck.org says: These specific employment figures can mislead because the reported levels of native- and foreign-born workers are influenced by predetermined population estimates for 2025 that the Census Bureau calculated in 2024. The …

“I’m from Tamil Nadu, but I firmly condemn the incident at Karnataka Bank where a woman was reportedly told “Don’t speak in Kannada, speak in Hindi.” This disrespect toward a state language is unacceptable anywhere in India. Stop Hindi imposition. Requesting Hon’ble @siddaramaiah and @DKShivakumar to ensure such incidents never repeat.”

“My tariffs … are helping to slash the deficit this year by more than 25%.”

PolitiFact says: President Donald Trump has not reduced the federal deficit by 25%. The deficit for fiscal year 2025, which ended Sept. 30, was 2.3% smaller than the fiscal year 2024 deficit. Considering only the portions of fiscal year…

“The Reserve Bank of India has issued new rules offering a final opportunity to exchange old demonetised Rs. 500 and Rs. 1000 currency notes.”

FACTLY says: The Reserve Bank of India has not issued any new rules offering a final opportunity to exchange old demonetised Rs. 500 and Rs. 1000 notes. Neither the RBI’s recent press releases nor its latest notifications mention an…

“2025 national budget the only case to reach SC”

FactRakers says: Petitions challenging the national budget have been filed and decided by the tribunal in the past