'Innovative measures needed to correct TN's finances' By IANS | 3 Views New Currency Notes of Rs 200 denomination. (File Photo: IANS). Image Source: IANS News Chennai, May 7 : Innovative measures are needed to correct Tamil Nadu's financial position, said state's Finance Minister Palanivel Thiagarajan. Speaking to a television channel soon after being sworn in as the Finance Minister, Thiagarajan said the state government's finance went bad during the past seven years. Thiagarajan said the standard methods will not be able to bring back the state finances to comfortable levels and it needs some innovative measures. The state's debt is about Rs 5 trillion. Hailing from a political family Thiagarajan did his schooling at the Lawrence School, Lovedale and graduated from National Institute of Technology, Tiruchirappalli (formerly Regional Engineeringn College).