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(comment deleted)
Inflation in India is north of 7% so that kind of savings rate isn't great. It's worse than the 0% savings/1.7% inflation we have in the U.S.
While this is true... the significant factor here is that these children are saving.

If there were no saving, the money would have been spent/stolen/taken almost for certain. I can understand the feeling of the boy who saved ₹4000 in 7 months. Given the living standards and challenges these children face, it would have impossible to have even a quarter of that left over in 7 months.

Edit: added the rupee symbol

I'm definitely not saying they shouldn't be saving. The (now deleted) comment I replied to was awed by the high savings rate the kids were getting, 5%. I was just putting it in perspective.
Yeah these kids should shop around some, maybe try an Indian Credit Union.
"I ran away from home at the age of 11 after my father beat me for stealing a kitchen appliance," said Samir who works in a sweatshop.

[snip]

"I have saved 4,000 rupees (70 US$) in the last seven months. It's a good feeling to have some money. I will buy a shirt and a watch for my father and send it to him to seek his apology."

"He might forgive me and ask me to be with him at home."

For me it is heartbreaking that this child was beaten and still feels that he owes his abuser an apology.

(edit: formatting)

Physical Discipline by parents is not considered out of ordinary in India. To anyone who grew up in India, you calling a dad abuser is more offensive.
Yes, I would have rather reported him to the police for stealing and put him in a juvie where he could master the art of thieving. <- this is the western solution isn't it?

Abuser? my foot! Western society is good transferring responsibility to the society at large.

If you're a a bad parent, particularly in a poor inner city family, that's the western solution. If you're a good parent the solution is to teach your kids moral lessons without using violence.
Beatings are not a good way to raise a child. However, it's not really abuse -- or it might not have been by the standards of U.S. law and I can almost guarantee it wasn't by the standards of local culture.

Also, he did steal an appliance. It's not like his father was just beating on him.

Yes, the point is that, he now realizes how difficult it is to earn a living and keep a good name and how it will feel if some one steals something. Probably his father will bring him back home.
(comment deleted)
In India it is common to discipline kids by beating. This is practised not only by parents but also in schools. It is getting rarer in middle and upper class but predominant among poorer families.

It is very difficult to keep your composure when you are living on a day-to-day wage basis. While you can argue that beating kids is no way to behave. I believe that thinking stems from one's upbringing and social standing.

I think one isolated incident is not a good ground to call someone an abuser.

are you crazies all really defending child abuse because he stole something equivalent to a blender? ridiculous
He stole a kitchen appliance and his dad punished him for it. He seems genuinely sorry and is working hard to make amends in the process growing as a person both socially and financially. This is not abuse, it's a right way to raise a responsible human that takes responsibility for his actions. I think it's heartbreaking that you ignored the relative good in the story and chose to hone in on the "spanking" that a rebellious child may need a few times in his life.
Really, really impressive (or, depending on how you look at it, embarrasing) but that savings rate is way above what most westerners save.
Interest rates for Fixed deposits are around 8-9% for a year in some Indian banks. There were times when it was more than 10% too.
It is well stated how to treat people in the Chanakya's Arthashastra. Well this was meant for how kings should treat other kings but its universal and trickles down to every indian citizen.

Sanmaana - Give proper remuneration

Daana - Offer a gift

Bhetha - Separate them from others

Upekshana - Dont consider them for some time

Maya - Use the tool of Illusion

Indrajaala - Show that you are powerful, i.e make them fear

Danda - Use force

These seven tactics have now become 4 in course of time, sanmaana,daana,beth,danda