The Panchayat is a South Asian political system. A political system is a System of Politics and Government. It is usually compared to the Law system, Economic system, Cultural ‘Panchayat’ literally means assembly (yat) of five (panch) wise and respected elders chosen and accepted by the village community. A village is a clustered human settlement or community, larger than a hamlet, but smaller than a Town or City. Traditionally, these assemblies settled disputes between individuals and villages. Modern Indian government has decentralised several administrative functions to the village level, empowering elected gram panchayats. Gram panchayats are local government bodies at the village level in India. Gram panchayats are not to be confused with the unelected khap panchayats (or caste panchayats) found in some parts of India. Khap ( Hindi:खाप IAST: khāpa and Sarv Khap (सर्व खाप was a system of social administration and organization in the 
The term ‘panchayat raj’ is relatively new, having originated during the British administration. For usage see British rule in India British Raj ( rāj, lit "reign" in Hindustani) primarily refers to the British 'Raj' literally means governance or government. Mahatma Gandhi advocated Panchayati Raj, a decentralized form of Government where each village is responsible for its own affairs, as the foundation of India's political system. Mohandas Karamchand Gandhi ( Gujarati: મોહનદાસ કરમચંદ ગાંધી moɦən̪d̪äs kəɾəmʧən̪d̪ gän̪d̪ʱi (2 October 1869 – 30 January His term for such a vision was "Gram Swaraj" (Village Self-governance).
It was adopted by state governments during the 1950s and 60s as laws were passed to establish Panchayats in various states. The 1950s Decade refers to the years of 1950 to 1959 inclusive It also found backing in the Indian Constitution, with the 73rd amendment in 1992 to accommodate the idea. The Constitution of India ( Hindi: भारतीय़ संविधान see names in other Indian languages) is the supreme law of India. Year 1992 ( MCMXCII) was a Leap year starting on Wednesday (link will display full 1992 Gregorian calendar) The Amendment Act of 1992 contains provision for devolution of powers and responsibilities to the panchayats to both for preparation of plans for economic development and social justice and for implementation in relation to twenty-nine subjects listed in the eleventh schedule of the constitution. 
The panchayats receive funds from three sources – (i) local body grants, as recommended by the Central Finance Commission, (ii) funds for implementation of centrally-sponsored schemes, and (iii) funds released by the state governments on the recommendations of the State Finance Commissions. 
In the history of Panchayati Raj in India, on April 24, 1993, the Constitutional (73rd Amendment) Act, 1992 came into force to provide constitutional status to the Panchayati Raj institutions. Events 1479 BC - Thutmose III ascends to the throne of Egypt, although power effectively shifts to Hatshepsut (according to Year 1993 ( MCMXCIII) was a Common year starting on Friday (link will display full 1993 Gregorian calendar) This Act was extended to Panchayats in the tribal areas of eight States, namely Andhra Pradesh, Bihar, Gujarat, Himachal Pradesh, Maharashtra, Madhya Pradesh, Orissa and Rajasthan from December 24, 1996. Bihar ( Hindi:बिहार Urdu: بہار bɪhaːr) is a state in eastern India. Gujarat (ગુજરાત Gujǎrāt, pronounced) is a state in western India. Himachal Pradesh ( Hindi: हिमाचल प्रदेश Punjabi: ਹਿਮਾਚਲ ਪ੍ਰਦੇਸ਼ pronounced) is a state in the Maharashtra ( Marathi: mahārāṣṭra, IPA) is a state located on the western coast of India. Madhya Pradesh (abbreviated as MP) ( Hindī: मध्य प्रदेश pronounced, Translation: Middle Province) often Orissa (ଓଡ଼ିଶା is a state located on the east coast of India, by the Bay of Bengal. Rājasthān ( Devanāgarī: राजस्थान raːdʒəst̪ʰaːn is the largest state of the Republic of India in terms of area Events 563 - The Byzantine church Hagia Sophia in Constantinople is dedicated for the second time after being destroyed by Earthquakes Year 1996 ( MCMXCVI) was a Leap year starting on Monday (link will display full 1996 Gregorian calendar)
The Act aims to provide 3-tier system of Panchayati Raj for all States having population of over 2 million, to hold Panchayat elections regularly every 5 years, to provide reservation of seats for Scheduled Castes, Scheduled Tribes and Women, to appoint State Finance Commission to make recommendations as regards the financial powers of the Panchayats and to constitute District Planning Committee to prepare draft development plan for the district. Scheduled Castes ("SC"s and Scheduled Tribes ("ST"s are Indian population groupings that are explicitly recognized by the Constitution of Scheduled Castes ("SC"s and Scheduled Tribes ("ST"s are Indian population groupings that are explicitly recognized by the Constitution of
Powers and responsibilities are delegated to Panchayats at the appropriate level :-
Panchayati Raj is a system of governance in which gram panchayats are the basic units of administration. System (from Latin systēma, in turn from Greek systēma is a set of interacting or interdependent Entities, real or abstract Governance relates to decisions that define expectations, grant power, or verify performance. A village is a clustered human settlement or community, larger than a hamlet, but smaller than a Town or City. The Panchayat is a South Asian Political system. ‘Panchayat’ literally means assembly ( yat) of five ( panch) wise and respected elders chosen Local governments are administrative offices that are smaller than a State. It has 3 levels: village, block and district. At the village level, it is called a Panchayat. It is a local body working for the good of the village. It can have its members ranging from 7 to 31. However, in exceptions, it can have members above 31 but not below 7.
The block-level institution is called the panchayat samiti. Panchayat Samiti is a local government body at the Tehsil or Taluka level in India. The district-level institution is called the zilla parishad.
Panchayat also refers to a council of elected members taking decisions on issues key to a village's social, cultural and economic life: thus, a panchayat is also a village's body of elected representatives. Definition In the absence of agreement about its meaning the term "social" is used in many different senses referring among other things to attitudes Culture (from the Latin cultura stemming from colere, meaning "to cultivate" generally refers to patterns of human activity and the symbolic An economy is the realized social system of production exchange distribution and consumption of goods and services of a country or other area A legislature is a type of representative Deliberative assembly with the power to create amend and change Laws The law created by a legislature is called Legislation The council leader is named sarpanch in Hindi, and each member is a panch. A sarpanch is a democratically elected head of a village level statutory institution of local self-Government called the Gram (village Panchayat in India and also The Panchayat is a South Asian Political system. ‘Panchayat’ literally means assembly ( yat) of five ( panch) wise and respected elders chosen The panchayat acts as a conduit between the local government and the people. For the government of parliamentary systems see Executive (government. Decisions are taken by a majority vote (Bahumat). Majoritarianism is a traditional Political philosophy or agenda which asserts that a Majority (sometimes categorized by Religion, Language, or It is said that in such a system, each villager can voice his opinion in the governance of his village. Decisions are taken without lengthy legal procedures and the process remains for the most part transparent. Panchayat is an ancient Indian word that means means Five Persons ( Headman ). Since its inception, Panchayat has come a long way, it is currently included in the constitution of the Government of India.