The budgetary allocation to the Ministry of External Affairs (MEA) is inadequate, considering the extent and magnitude of India's diplomatic outreach and foreign policy objectives, a parliamentary committee said in a report on Wednesday. The panel said the budgetary resources will play a "determining role" in India's pursuit of a permanent seat at the United Nations Security Council (UNSC) as it requires adequate global presence and expansion of diplomatic outreach. The report of the committee on external affairs was tabled in both houses of Parliament. It mentioned that the rise of China is a major geostrategic development of the current time and it has caused a rearrangement of the global balances of power and capacity that developed after World War II and during the Cold War.