Explanation:

The prestigious Akashvani Music Festival, will henceforth be named after Bharat Ratna Pandit Bhimsen Joshi.

• Union Minister for Information & Broadcasting, Shri Prakash Javadekar made this announcement at a Pandit Bhimsen Joshi Centenary Commemorative function organized in Pune.
• All India Radio, besides its regular music broadcasts, has endeared itself to its classical music listeners by organizing the Akashvani Sangeet Sammelan, in which prominent artistes from across the country perform.
• Pandit Bhimsen Joshi was born on 4 February 1922 at Gadag, then part of Dharwad district of Karnataka. Pune was his Karmabhoomi where he attained fame as a pre-eminent exponent of the Khayal form of singing, as well as for his popular renditions of devotional music - bhajans and abhangs.
• Pandit Bhimsen Joshi was conferred the Bharat Ratna award in 2008.

Hence only statement 3rd is correct.