There has been considerable interest in determining the extent of impact teacher‟s personality factors exert on effective teaching and learning. Scholars like Beehler (2000) believed that not too many individuals possess the combination of personality traits, dedication and imagination necessary to ensure effective teaching. The National Education Policy lays particular emphasis on the development of the creative potential of each individual. Referring to the National Education Policy 2020, the teacher must be at the centre of the fundamental reforms in the education system. The new education policy must help re-establish teachers, at all levels, as the most respected and essential members of our society, because they truly shape our next generation of citizens. Along with teachers, students‟ participation in the instructional process is critical and their perception presents methodological challenges. The knowledge of the way the students think and perceive can aid the teacher to reflect upon and adjust his teaching strategies to enhance students‟ understanding and achievement. It is thus important to also know the perception of students towards competencies of teachers in lines with the announcement of National Education Policy 2020 identifying the role of effective competencies among teachers. This paper attempts to find the essential teaching competencies from several researches carried out and differentiates it into personal and professional competencies. This identification will help to further understand the perception of students towards teacher‟s quality, thus supporting the view of importance of teaching competencies as per the NEP 2020. This paper is useful to researchers pursuing study of NEP 2020 and its implantation among HEI‟s and to understand the stakeholder point of view, as a student.