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1. Which organization has been upgraded to a 'Schedule A' CPSE by the Ministry of Railways?
The Indian Railway Catering and Tourism Corporation (IRCTC), a Mini-Ratna Public Sector Undertaking (PSU) under the Ministry of Railways, has been promoted to a 'Schedule A' category. This upgrade, announced on July 19, 2024, signifies recognition of IRCTC's strong financial performance and efficient management. Over the past three fiscal years, IRCTC has shown remarkable financial growth, with increasing total income, profit after tax, and dividends. The promotion is seen as a testament to IRCTC's effectiveness in managing operations in the hospitality, travel, and tourism sectors.