Liberal Times was a quarterly journal published by Friedrich Naumann Foundation (FNF), South Asia. The magazine introduced liberal alternatives to the organization of political, economic, and intellectual life; and provided alternatives based on the principles of freedom of the individual, self-reliance and autonomy, human rights, and the rule of law. This part of volume III of Liberal Times published in the year 1995 was titled, “Liberalism in South Asia.” Sharad Joshi in, “Any Hope for Indian Liberals?” focused on how socialism has been seeping into most reforms that have been degrading the stands of liberal democracy. Dr. Ashok V. Desai in, “Liberalisation and Liberalism in India,” highlighted how liberty has never been accepted in the Indian mindset despite following a democratic stand. Dr. Chanaka Amaratunga in, “Liberalism in Sri Lanka,” emphasized the liberalization of the economy in the nation and its optimistic future for the trends in Sri Lanka’s growth and progress. Kusum Shrestha in, “Liberal Aspects of Nepal’s Constitution,” concentrated on the liberal ideals etched in Nepal’s constitution. Dr. Detmar Doering in the article, “Liberalism: The Eternal Quest for Freedom,” reflected on the economic reforms as a plausible phenomenon due to the establishment of liberal market strategies. S. V. Raju in the article, “Minoo Masani: Doyen of Indian Liberalism,” paid a written tribute to one of the most knowledgeable liberals of the time. The booklet also covered a section titled, “Liberal concerns,” that enunciated the Libertarian stances and news headlines in different sectors and their way forward.