The Constitution (Seventy-Third Amendment) Act, 1992, which aims at promoting the Panchayati Raj Institutions in the country, provides for which of the following? [2011]

The Constitution (Seventy-Third Amendment) Act, 1992, which aims at promoting the Panchayati Raj Institutions in the country, provides for which of the following?

The Constitution (Seventy-Third Amendment) Act, 1992 was enacted to strengthen democratic decentralization and rural local governance in India by granting constitutional status to Panchayati Raj Institutions (PRIs). The amendment inserted Part IX in the Constitution, titled “The Panchayats”, which includes Articles 243 to 243O.
It also added the Eleventh Schedule, which contains 29 subjects that may be devolved to Panchayats under Article 243G. The amendment operationalizes the vision of Article 40 of the Directive Principles of State Policy, which directs the State to organize village panchayats and empower them to function as units of self-government. By constitutionalizing Panchayati Raj institutions, the amendment also places them within the constitutional and justiciable framework.
The amendment provides for the constitution of District Planning Committees (DPCs) to consolidate development plans prepared by Panchayats and municipalities and to prepare a draft development plan for the district.

The amendment introduced State Election Commissions under Article 243K, which are independent constitutional authorities responsible for the superintendence, direction, and control of elections to Panchayats.

The amendment mandates the establishment of State Finance Commissions under Article 243I. These commissions are to be constituted by state governments every five years to review the financial position of Panchayati Raj Institutions and recommend the distribution of financial resources between the state and local bodies.