The Union Cabinet on Friday approved a bill to create a single regulator of higher education to replace bodies like UGC and AICTE. The proposed law was first approved by the Indian High education commission (HECI) Bill, but now it has been named as Developed India Education Superintendence Bill.
The new National Education Policy proposes a single regulator of higher education. It will replace the University Grants Commission (UGC) (Higher Education Regulator Bill), All India Council for Technical Education (AICTE) and National Council for Teacher Education (NCTE).
It is noteworthy that UGC monitors non-technical higher education and AICTE monitors technical education and NCTE is the regulatory body for teacher education. The proposed commission is proposed to be made a single regulator of higher education, but medical and law colleges will not come under its purview.
It is proposed to have three roles—regulation, accreditation and setting of professional standards. Finance support is considered to be the fourth role, but it is not currently proposed to be brought under this regulator. It is proposed to keep the autonomy of financial assistance with the administrative ministry. The concept of HECI has already been discussed in the form of a draft bill.
The draft of the Indian Higher Education Commission (Repeal of the University Grants Commission Act) Bill, 2018 was made public in 2018 itself for feedback and suggestions from stakeholders. Fresh efforts were started under the leadership of Dharmendra Pradhan to implement HECI.
Who took over the post of Union Education Minister in July, 2021. The National Education Policy-2020 also says that the country needs a strong, simple and transparent higher education regulator (Higher Education Regulator Bill).
Path cleared for 100% FDI in insurance sector
Narendra Modi government is going to bring big changes in the insurance sector. The Union Cabinet approved the amendment bill to increase the limit of Foreign Direct Investment (FDI) in the insurance sector from 74 percent to 100 percent. It will be presented in the winter session of Parliament, which will continue till December 19.
The way for export of coal will open
Cabinet approves new window Coal Setu for seamless, efficient and transparent utilization of coal. Export of auctioned coal will also be possible under the Coal Setu window, although the auction of coking coal will not be included in it. The present rules had very strict conditions for the use of coal, which have now been removed.
Civil nuclear sector will open to private sector
The government has also approved the “Sustainable Exploitation and Development of Nuclear Energy for India’s Transformation” Bill. This will make private participation possible in the civil nuclear sector. The government aims to achieve 100 GW nuclear power generation capacity by 2047. An R&D budget of Rs 20,000 crore is proposed for Small Modular Reactor (SMR) (Higher Education Regulator Bill).
71 obsolete laws will be abolished
The cabinet also approved the proposal to remove 71 old and useless laws. One of these laws is from the British period. A total of 1,562 old laws have been abolished so far.
India-Oman free trade agreement approved
The Cabinet has approved the FTA of India and Oman, which will be signed during Prime Minister Modi’s visit to Oman (December 17–18). Along with this, the MSP of coconut (copra) for 2026 has been increased by Rs 445 to Rs 12,027 per quintal.
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