It is not OLD mode it is ODL (Open Distance Learning) mode.
Higher Education Department has already withdrawn the restriction on regular mode through G.O. No. 643(14)-Edn(U) dated 28.06.2012. Follow the link to download it.viewtopic.php?f=14&t=508&start=20
The Govt has already taken up the matte to NCTE for sanctioning additional seats in B. Ed. Let us hope for the best.
But one thing i would like to add here for all the untrained deputed teachers (17000 in number) this should become an issue for the Govt. otherwise....... you know -)