Despite a government ban on bonuses for polluting water company bosses under the Water (Special Measures) Act 2025, overall executive pay rose as companies utilized salary increases, allowances, and retention payments.
UK Isa reforms, including the replacement of the Lifetime Isa (Lisa) with a First-Time Buyer (FTB) Isa by 2028, aim to simplify savings but may increase complexity and reduce value for young homebuyers. The new FTB Isa will have no upper age limit but will pay the government bonus only upon property purchase, losing potential compounded interest.
Central government employee unions are advocating for the 8th Pay Commission to include higher family unit counts, increased HRA and TPTA, and the merger of DA with basic pay, citing insufficient provisions for low-level employees.
Pakistan's top table tennis players are surprised after the Pakistan Table Tennis Federation reportedly asked them to fund their own travel and daily expenses for the Asian Games in Japan. Athletes were also informed they would not receive payment for national trials.
Taiwan's Executive Yuan is reviewing proposals to significantly adjust civil servant professional allowances by the end of June and is considering a salary increase for military, civilian, and teacher personnel for the upcoming year. The government aims for a comprehensive evaluation of compensation adjustments, considering economic growth and fair distribution.
Andoni Iraola has verbally agreed to become the new Liverpool head coach, replacing Arne Slot. Iraola's attacking style is seen as a better fit for the club's desired identity than Slot's possession-focused approach.
Vietnam's Decree 192, effective July 15, introduces new allowances for medical staff, including surgical fees up to 560,000 VND and 24/7 on-call duty payments. It also provides monthly support for village health workers, ranging from 0.5 to 0.7 times the base salary.
Australia's billionaires saw their wealth increase by nearly $50,000 per minute in the past year, according to Oxfam. Meanwhile, anti-abortion rallies gain traction, a smart drug shows promise against cancer, and Peter Garrett leads an inquiry into the Aukus pact.
Australia's billionaires saw their wealth surge by nearly $50,000 per minute in the past year, according to Oxfam. Meanwhile, Barnaby Joyce headlines an anti-abortion rally in Sydney, Peter Garrett leads an inquiry into Aukus, and a smart drug shows promise against cancer.
Former Liberal senator Linda Reynolds has repaid nearly $8,800 in parliamentary expenses after her partner claimed family reunion allowances for trips to Melbourne to visit his son. The Independent Parliamentary Expenses Authority (IPEA) ruled the stopovers did not meet guidelines for accompanying the senator.
Taiwan's Ministry of Civil Service clarified rules for acting duty allowances, stating overtime on holidays or after hours can count towards the 10-day minimum for the allowance if directly related to the代理職務. However, overtime hours cannot be accumulated across different days.
Pakistan Hockey Federation players are protesting reduced daily allowances during training camps, from $11 to $3.5, despite promises of $110 for foreign tours. Criticism mounts ahead of the FIH Hockey Men's World Cup.
France will temporarily increase mileage allowances for substitute teachers, AESH, inspectors, and some baccalaureate examiners due to rising fuel prices. The measure, effective June 1 to December 31, aims to offset fuel cost increases.
The Indian Railway Technical Supervisors’ Association (IRTSA) has presented significant demands to the 8th Pay Commission, including a Rs 52,000 minimum salary, multiple fitment factors, and increased HRA. They also seek to include training periods in MACP calculations and restore the Old Pension Scheme.
The new tax regime in India allows for tax-free benefits on items like meal coupons and gadget reimbursements, potentially reducing tax liability to zero on a Rs 15 lakh CTC
