Similarly, explain this concept for other cases as well.
The text provided seems to be an excerpt from a legal document or a constitution, possibly that of India. It discusses various aspects related to taxation, borrowing, property rights and trade and commerce within the territory of India.

From this context:

1. "Restrictions as to imposition of tax on the sale or purchase of goods" indicates that there are limitations on the types of taxes that can be imposed on the buying and selling of products.
2. "Exemption from taxes on electricity" suggests that electricity is not subjected to any taxes in certain cases, likely indicating a policy decision or law meant to make this utility more affordable for consumers.
3. "Exemption from taxation by States in respect of water or electricity in certain cases" implies that some states are exempted from levying taxes on water and/or electricity under specific conditions. This could be part of the state's economic development strategy, aimed at promoting access to these essential utilities.
4. "Exemption of property and income of a State from Union taxation" signifies that certain properties or incomes belonging to states are not subjected to any taxes imposed by the central government. This may be a concession granted by the central government as part of its fiscal relations with individual states.
5. "Annual payment to certain Devaswom Funds" suggests that there is an annual payment made to some religious funds or institutions from public funds, perhaps as a form of government subsidy for religious activities or maintenance of places of worship.
6. "Privy purse sums of Rulers" likely refers to a type of pension paid by the Indian government to certain former rulers of princely states that were integrated into the Republic of India after its independence from British rule in 1947. The term 'privy purse' usually denotes a private income or allowance given by a monarch or head of state to an individual, often members of the royal family or nobility.
7. "Adjustment in respect of certain expenses and pensions" means that there are arrangements for adjusting or compensating certain types of expenses and pension payments, possibly as part of fiscal management or social security measures.
8. "Borrowing by the Government of India" implies that the Indian central government has the power to borrow money, perhaps from both domestic and international sources.
9. "Succession to property, assets, rights, liabilities and obligations in certain cases" suggests that there are laws governing how property, assets, rights, liabilities and obligations are passed on or transferred upon the death of an individual, likely with regard to inheritance and estate administration.
10. "Property accruing by escheat or lapse or as bona vacantia" indicates that certain types of unclaimed property can become the property of the state under certain circumstances, such as when the original owner dies without a will or legal heirs.
11. "Things of value within territorial waters or continental shelf and resources of the exclusive economic zone to vest in the Union" signifies that all valuable items located within India's territorial waters, its continental shelf (the underwater extension of land territory), and its exclusive economic zone (an area beyond and adjacent to the territorial sea, over which a state has special rights regarding exploration and use of marine resources) are considered to belong to the Indian Union.
12. "Power to carry on trade, etc." suggests that there is a provision enabling the government or specific entities to engage in trading activities.
13. "Contracts" likely refers to legal agreements between two or more parties, covering diverse subjects such as employment, sales, lease, services, etc. In this context, it could mean that there are rules governing the formation and execution of contracts within India's legal system.
14. "Suits and proceedings" generally refer to legal actions initiated by one party against another, typically involving disputes over rights, obligations or damages. In this context, it might suggest that the Indian judicial system has jurisdiction over civil lawsuits and other types of legal proceedings within its territory.