The Union Cabinet on August 2, 2017 gave its nod for the creation of 20 world-class institutions in the country. The setting up of 20 world-class universities was first proposed in the Union Budget 2017-18. The University Grants Commission (UGC) had in February 2017 passed a new set of regulations to set up 10 world-class institutions in the public sector and as many in the private sector