The National Council for Teacher Education (NCTE), a statutory body of the Government of India, is mandated to regulate and maintain standards in teacher education. It is responsible for accrediting institutions that offer teacher training programs such as B.Ed and D.El.Ed in India.Teaching qualifications from institutions not recognized by the NCTE are invalid for prospective teachers. While entities like the UGC and CBSE operate within their respective spheres, they do not provide accreditation for teacher education courses.\[\boxed{\text{Correct Option: (B)}}\]