<s>[INST] What is the significance of the Constitution (Seventy-third Amendment) Act, 1992? [/INST] The Constitution (Seventy-third Amendment) Act, 1992 is significant as it inserts new provisions into the Indian Constitution to establish Panchayats as institutions of self-government. This amendment aims to promote local self-governance and empower rural communities by providing constitutional status to Panchayati Raj Institutions. </s>