The fortnightly journal titled Indian Libertarian was founded in 1954 by Indian liberal, Ranchhoddas Bhuvan Lotwala, and edited by his daughter Kusum R Lotwala. The first June ’57 edition was published amid the time when the central budget was announced, which contravened the libertarian stand. J. K. Dhairyawan in, “Essay In Financial Lunacy” emphasized the chaos reigned by the then budget proposals that slipped India to a socialist regime. The article, “To Hide Internal Chaos and Frustration” By Vigilant emphasized the hate stand Pakistan held towards India and highlighted the Lahore incident wherein five Indian Nationals were publicly humiliated. M.A Venkata Rao in, “Bhoodan Or Communism By The Back-door?” highlighted the merger point of Ghandism in Vinoha Bhave”s bhoodan development with communism. The article titled, “Krishna Menon Made Reputation for Himself but Lost the Reputation of India” by A.M. Rosenthal explained how Mr. Menon fought for India but lost the reputation for India at the UN. Sumant S. Bankeshwar in, “Communism, not an ideology but a conspiracy” had imposed on the distorted ideas and means adopted by the Communist Party of India. The article “Plea For Unitary Finance In India” by P. Kodanda Rao emphasized the federal approach India had taken towards the then financial system, that needed a revision. Several op-eds from famous newspapers covered the then-current scenarios. The issue further captured important news headlines that covered both nation and worldly stands. It concluded with book reviews that highlighted Stalinism and Marxist fanaticism.