The Kings of Princely States, who merged with India after independence,were paid fixed annual amount of money as a stipend. It was called….
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In India, a privy purse was a payment made to the ruling families of erstwhile princely states as part of their agreements to first integrate with India in 1947 after the independence of India, and later to merge their states in 1949, thereby ending their ruling rights.
Explanation:
privy purse
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