Consider the following facts.
- The powers, authorities and responsibilities of Panchayats are mentioned in the Twelfth Schedule, inserted in the Constitution of India by 73rd Amendment Act, 1992.
- Powers and responsibilities of Panchayats include preparation of plan and implementation of schemes for economic development and social justice, and levying, collecting and appropriating taxes, duties, toll and fees.
Which of the above is/are correct?
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