Here is the press release from the Government of India on the formation of the Indian Institute of Technology, Varanasi! Some of you old-timers would recall that we've been at ITBHU to IITV Conversion for over five years.

Note the special reference: it is also proposed to convert the Institute of Technology of the Banaras Hindu University into an IIT. Admission to this Institute is already based on the IIT – Joint Entrance Examination.

The 2003 California articles of incorporation for our organization, ITBHU Organization of Alumni, Inc., already have a provision for organizing alumni in the successor organization. We'll continue to operate without name-change of the California non-profit.

Thanks to Chandan Pathak for the tip:

This is the most official sounding announcement I have seen in the last five or so years:

The location of the new higher education institutions has been approved by Prime Minister Manmohan Singh, HRD Minister Arjun Singh told reporters here.

In addition, he said the government proposed to convert the Institute of Technology of the Banaras Hindu University into an IIT. Admission to this Institute was already based on the IIT-Joint Entrance Examination.