<h1>Indian Railways' IRCTC and IRFC Achieve Navratna Status, Boosting Market Perception and Employee Morale</h1> The Indian government announced that the Navratna status granted to the Indian Railways Catering and Tourism Corporation (IRCTC) and Indian Railway Finance Corporation (IRFC) is expected to boost market perception, stakeholder confidence, and employee morale. This status was achieved due to significant growth in their financial performance, with IRCTC and IRFC showing a compounded annual growth rate of over 17% and 14% in revenue, respectively. The Railway Minister emphasized that these companies adhere to high governance standards and that the new status will help in retaining and attracting skilled employees through enhanced incentives and welfare schemes.