Historical terms-

1-​Privy purse-
Prior to independence, India was divided into princely states which had
independent rulers. So, government decided to give the rulers and their families
some properties and allowance so that they can merge their state with the union
of India.These payments are called privy purse. And later on these princely states
got merge and rulers lost their independent hold.
In 1971, under Indira gandhi leadership an amendment was made to end the privy
purse. ​(26th amendment)
The constitutional provision which deals matter is given in article 291 and 362-
Article 291-
● It guarantees payment of privy purse from the Consolidated Fund of India
in accordance with covenants or agreements entered into with rulers of
Indian States before the commencement of the Constitution and also
exempts these sums from income-tax.

Article 362-
● This article guarantees rights and privileges of ex-rulers.

2-