Finance Ministry said that Reserve Bank of India, RBI has given banks greater leeway to lend by reducing Statutory Liquidity Ratio,SLR by 50 Basis Points in its bi-monthly credit policy announced today. The ministry observed that as the economy picks-up and demand grows, this will allow an increase in bank credit. The ministry states that on its part, the Government remains committed to the path of fiscal consolidation and reviving the investment cycle that will help bring down inflation and pick-up growth further. The ministry further stated that going forward, the RBI should examine the liquidity situation, inflation and growth in setting policy rates.