Can a person pursue MBA and MA simultaneously?

Yes, you can now study two PG or UG programs concurrently under the UGC's dual degree policy. There will be two cases for it; in the first one, you must ensure that the class schedules for the MBA and MA programs do not conflict with one another if you wish to enroll in both on-campus programs. 

In the second case, you can pursue an online MBA with a conventional MA or a regular MA with an online MBA.

In both cases, your MBA and MA degrees will be completely valid.

Students can apply for two programs simultaneously. Therefore, one degree can be pursued as an online degree and another as a regular degree. According to UGC, the dual degree is valid in India. For reference, students can check here https://www.ugc.gov.in/pdfnews/5729348_Guidelines-for-pursuing-two-academic-programmes-simultaneously.pdf.