Display Exposed Filter value of selected exposed filter
You have a couple of options here Rituraj.

You'd need to use PHP to output the selected values in the header. See the related example here to see how to output view filter values to a template.

&lt;?php
$view = views_get_current_view();

if(isset($view-&gt;exposed_input['field_release_date_value']['value']['year'])) {
  echo "&lt;h2&gt;Press Releases for ", $view-&gt;exposed_input['field_release_date_value']['value']['year']; "&lt;/h2&gt;";
}
else {
  echo  "&lt;h2&gt;Press Releases for ", date("Y"); "&lt;/h2&gt;";
}
?&gt;


This post has an example for using an exposed filter value to override the page title as well.

My preferred method would be to use JQuery to read updates from the exposed filter and inject them into the DOM. That would have the added bonus of making it easy for you to wire up the X links to remove both the value both from the display and from the exposed filter.