Consider the following statements: 1. The National School of Drama was set up by Sangeet Natak Akademi in 1959. 2. The highest honour conferred by the Sahitya Akademi on a writer is by electing him its Fellow. Which of the statements given above is/are correct?

1. The National School of Drama (NSD) is one of the foremost theatre training institutions in the world. It was set up by the Sangeet Natak Akademi as one of its constituent units in 1959. In 1975, it became an independent entity. Statement 1 is correct. 2. The Sahitya Akademi is India's National Academy of Letters. The highest honour it confers on a writer is the Sahitya Akademi Fellowship, granted to 'the immortals of literature'. Statement 2 is correct. 3. Both statements are correct.