Thu May 15 13:04:40 UTC 2025: Here’s a summary and rewritten news article based on the provided text:

**Summary:**

Tamil Nadu Assembly Speaker M. Appavu is calling on the Union Government to forgive at least ₹2 lakh crore of Tamil Nadu’s debt, citing the state’s impressive 9.69% GDP growth and significant infrastructural development. He argues that while the Union Government has waived a massive amount of corporate loans since 2014, Tamil Nadu, despite its economic success, receives insufficient Central assistance and must borrow to maintain its growth trajectory. He also criticizes the Governor for delaying assent to bills passed by the Tamil Nadu Assembly, contrasting it with the President’s swift approval of parliamentary bills.

**News Article:**

**Tamil Nadu Demands Debt Relief, Cites Booming Economy and Development**

*TIRUNELVELI, May 15, 2025* – Tamil Nadu Assembly Speaker M. Appavu has issued a strong call for the Union Government to alleviate the state’s debt burden, arguing that Tamil Nadu’s exceptional economic performance warrants significant financial consideration. He stated that the Union Government should bear a portion of Tamil Nadu’s outstanding debt – at least Rs. 2 lakh crore.

Speaking to reporters in Palayamkottai, Appavu highlighted Tamil Nadu’s impressive 9.69% GDP growth, the highest in India. He emphasized that this growth, along with substantial infrastructure development to attract investors, has been achieved largely without adequate Central assistance, forcing the state to borrow significantly.

“With the borrowings, Tamil Nadu has achieved the highest GDP in entire India by registering 9.69%. The State has created investor-friendly infrastructure which has attracted multinational companies towards Tamil Nadu for setting-up their offices and manufacturing units to provide employment to several lakh youth. We’ve developed 32 industrial parks in the past four years,” Appavu said.

The Speaker noted that Tamil Nadu’s debt has risen from ₹4.50 lakh crore in 2021, when the current government took office, to ₹8.33 lakh crore. He juxtaposed this financial strain with the Union Government’s waiver of over ₹16 lakh crore in corporate loans since 2014, suggesting a disparity in treatment.

Appavu also addressed the ongoing issue of delays in Governor’s assent to state bills. He contrasted the President’s quick approval of bills passed by the Parliament with the Governor’s prolonged delays on Tamil Nadu Assembly-passed legislation, reiterating the State government’s growing frustration with what it sees as an obstruction to its legislative agenda.

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