What measures are needed to improve the financial position of the Panchayats?
The measures needed to improve the financial position of the Panchayats are not explicitly mentioned in the provided context. However, it can be inferred that the Finance Commission plays a significant role in determining grants-in-aid from the Consolidated Fund of the State and making recommendations to enhance the financial situation of the Panchayats. The Legislature of the State also has the power to make laws concerning the composition of the Commission, its members' qualifications, and the powers it possesses in performing its functions. Additionally, the State Election Commission is responsible for superintending, directing, and controlling the preparation of electoral rolls and conducting elections to the Panchayats.