Bangalore: Breaking the logjam on the admissions issue, managements of unaided professional colleges on August 22 agreed for a 75:25 per cent seat sharing formula with government and for the fee structure fixed by it for the year 2003-2004.

The solution to the raging issue affecting thousands of students aspiring for seats in engineering and medical colleges was worked out at a meeting of representatives of the managements with Chief Minister S M Krishna, Higher Education Minister Dr G Parameshwara and senior officials in Bangalore.

Briefing reporters, Parameshwara said the Common Entrance Test (CET) ranking list, which had already been prepared would hold good for 2003-2004 academic year only and there would be no re- counselling for the students who had already been selected for admissions.

The incomplete counselling suspended in the wake of the Supreme Court verdict which gave a 50:50 seat sharing formula would however resume from August 25 for selection of students for admission, he said.

By maintaining the status quo in seat matrix already announced by the government the interest of Non- Karnataka students who had faced threat of loosing their admissions has been protected from this agreement.

Parameshwara said the number of seats, which remained unfilled during the counselling by CET would automatically go to management.

PTI