ii. The theme for the World Teachers’ Day 2016 is Valuing Teachers, Improving their Status.
iii. The Telangana government has declared ‘Bathukamma’ as a state festival.
i. World Post Day is celebrated each year on 9 October, the anniversary of the establishment of the Universal Postal Union in 1874 in the Swiss Capital, Bern.
Indian Air Force Day: 8 October
i. The Air Force Day 2016 is observed annually on 8 October across India. In 2016 this is the 84th celebration of the Day which began in 1932.
i. Two U.S-based economists, Oliver Hart of Harvard University and Bengt Holmstrom of MIT have been awarded the ‘Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel’ for their contributions to contract theory.