Solution:73rd Constitutional Amendment (1992) in India focuses on the Panchayati Raj System, which is the system of local self-government in rural areas. The amendment aimed to strengthen the democratic structure at the grassroots level by ensuring the decentralization of power and giving more outonomy to local governments.
Key provisions of the 73rd Amendment include.
(i) It mandates the establishment of three-tier Panchayati Raj institutions at the village, intermediate and district level.
(ii) Gram Sabha can exercise such powers and perform such functions at the village level as may be prescribed by law in the state legislature.
(iii) To review the financial position of the Panchayts, the Governor constitutes a Finance Commission. This provision is mentioned in Article 243 I of the Indian Constitution. This commission reviews the financial position of the Panchayats in the state and makes recommendations to the Governor.
(iv) State Election Commission was established to conduct elections to Panchayats the tenure of panchayts was fixed at five years. In case of supersession of Panchayats, fresh elections are held within six months.