In plain words
In the universe the Lord shines forth; in the Lord the universe shines; the friendship of the universe and its Lord cannot be torn apart: Listen, O heroic son of Bhārata. Learning gives humility; from humility comes worthiness; from worthiness wealth, from wealth Dharma; through Dharma man gains this world and the world beyond.
Students!
In ancient times, when students went to their gurus to study, they used to give the students the name vidheya. A vidheya is the one who goes to learn humility and obedience; such a person they call vidheya. But by degrees they devised a meaning contrary to this word vidheya and went on laying down the name vidyārthī. A vidyārthī is one who acquires knowledge. That is, one who learns vidyā. From humility and obedience it slid down to vidyā. But now, from the stage of the vidyārthī, this person is turning into a mere viṣayārthī.
That is, they went on dividing the knowledge of vidyā merely into four kinds: śāstra knowledge, experiential knowledge, Viveka knowledge and worldly knowledge. This śāstra knowledge is itself the knowledge of chemistry, of matter, of plants, of living things. It concerns objects. So it has slid down from vidyārthī to viṣayārthī. The student of today is forgetting what vidyā is. Along with śāstra knowledge every person must gain experiential knowledge. Learning, or Viveka, without experiential knowledge is of no use whatever to the world. As important as experiential knowledge is to man, just as necessary to man is the knowledge that offers it to the world in the way of experience, that is, in the way of its true form: that is, Viveka knowledge. Between this thing called Viveka and learning there is a relation that is somewhat contrary. Learning without Viveka, knowledge without discernment, does not let a man shine. Viveka is one thing, learning another. Viveka is the difference that lies between good and bad. The difference that lies between pleasure and pain. The difference that lies between truth and untruth. Recognising it alone is Viveka.
Once you have recognised this Viveka, that is, once you have recognised this difference, to weigh with all your strength and skill the question of what is to be given its due importance, and when, where and how: that is vijñata.