The new education system just got a approval from the Cabinet Ministry yesterday.  Now to implement it first we have to improve the condition of government schools and train every teachers, principals across all universities and institutions to be able to teach with new policy. Also UGC & AICTE has to be merged .

This all process will happen step by step and the government i.e. Education Ministry will inform about the update time to time. But it won't be implemented soon, will take a couple of years.

Hope it helps