Scrapping of UGC:
The Higher Education Commission of India (Repeal of University Grants Commission Act) Act, 2018 has been bought in public domain to take away funding powers from the regulator and giving powers to assure academic quality.
UGC and it's functions:
Established by UGC act 1956, hence a statutory body
https://www.goconqr.com/en-US/p/14278967 for mind-map