Our sources have informed us that the honorable president of India has given her assent to the Institutes of Technology (2012) bill. This is the next step in the official conversion of our institute to IIT (BHU) Varanasi. We eagerly await the publication of the same in the gazette.
Previous coverage of the issue at http://www.itbhuglobal.org/archives/2012/04/iit_bill_passed_in_rajya_sabha.html
Update: Thanks to a tip from babu swadesh, we now know that as of June 21, the bill is scheduled for publication in the gazette. See this PDF from the Lok Sabha site (page 7 of 10, item 21) for more
Title of the Bill and Member-in-charge: The Institutes of Technology (Amendment) Bill, 2012.
(Shri Kapil Sibal)
Date of introduction and House in which introduced: 30.8.2010
Date on which passed by Lok Sabha/Rajya Sabha: 24.3.2011, @11.5.2012, 30.4.2012
Date of Assent: 20.6.2012
Act No. and the date of publication in Gazette: 34 of 2012, 21.6.2012
Remarks: @Amendments made by Rajya Sabha on 30.4.2012 considered and agreed to by Lok Sabha on 11.5.2012