Execution of yum command gives error "No module named logger"

Issue

• Execution of yum command gives error "No module named logger".

  [root@example ~]# yum clean all
  There was a problem importing one of the Python modules
  required to run yum. The error leading to this problem was:
  
     No module named logger
  
  Please install a package which provides this module, or
  verify that the module is installed correctly.
  
  It's possible that the above module doesn't match the
  current version of Python, which is:
  2.4.3 (#1, Apr 14 2011, 20:41:59)
  [GCC 4.1.2 20080704 (Red Hat 4.1.2-50)]