What were the main differences between the local governments before 73rd amendment and after that amendment?

Before 73rd Amendment:
 Local government was a state subject only.
 States were free to make their own kind of laws in local government.
After 73rd Amendment:
 Local governments have received the recognition as a separate entity in the
constitution.
 Elections at every regular interval of five years have been made mandatory

 State Election Commission has been appointed and made responsible to conduct
free and fair elections here.
 After every five years, state finance commission has been set up to review the
finances of the panchayats and to make recommendations for grants to panchayats.
 The panchayats have been empowered to collect, levy the appropriate taxes, fees,
tools as assigned by state government.