The Union Finance Minister Shri P. Chidambaram said that the last Financial Year 2013-14 was a difficult year even though there was positive movement towards greater stability. The Finance Minister expressed the need for structural reforms to tackle the problems of inflation especially food inflation which can’t be tackled through fiscal and monetary policies alone. He said that tough measures need to be taken against wilful defaulters. He said that position that ‘promoter is prosperous but company is sick’ is not acceptable. He asked the banks to form a consortium and take joint action against such defaulters. The Finance Minister Shri Chidambaram was speaking while reviewing the Annual Performance of Public Sector Banks (PSBs) and Financial Institutions (FIs) for the Financial year 2013-14.