The 73rd Constitutional Amendment Act 1992 refers to the
Laying the foundation for strong and vibrant Panchayati Raj institutions in the country
To provide 3-tier system of Panchayati Raj for all the States having population of over 20 Lakhs.
To hold Panchayat Elections regularly every 5 years.
To provide reservation of seats for Scheduled Castes, Scheduled Tribes and Women (not less than 33%)
To appoint State Finance Commission to make recommendations as regards the financial powers of the Panchayats.
To constitute District Planning Committee to prepare draft development plan for the district as a whole.
Extra Information-
The Amendment Act has added part IX to the Constitution of India entitled as ‘Panchayats’. The part consists of provisions from Article 243 to 243-0. A new schedule called as Eleventh Schedule lists 29 functional items that Panchayats are supposed to deal with under Article 243-G.