The nearby isolated molecular clouds are the compelling laboratories to study the evolution of globules and the various processes of star formation. Stars can be formed in two different ways, spontaneous and triggered. In this talk, I will briefly describe the radiation-driven implosion mode of triggered star formation using three different studies. (1) Magnetic field study by polarization measurements, (2) molecular line studies, and (3) spectroscopy. Magnetic field plays a crucial role in the evolution of these molecular clouds as well as it affects the star formation processes. Hence a comprehensive study of magnetic field towards these molecular clouds is required to understand these processes. I have studied the magnetic field geometry and strength in various environments of molecular clouds e.g., cloud-cloud collision scenario, bright-rimmed clouds (BRCs), high-latitude clouds etc. Along with magnetic field study, to understand RDI processes, I will discuss the molecular line observations and subsequent results using four molecular lines towards two BRCs having different orientations of magnetic field lines with respect to the incoming ionizing radiation. To understand the effect of RDI mode of triggered star formation on the accretion properties of young stars, I have carried out optical and NIR spectroscopic observations and compared these results with non-triggered star-forming regions like Taurus. Furthermore, I will describe the research projects which I would like to continue at ARIES using the available and upcoming instruments.