How to solve "An unknown FastCGI error occured" error in IIS7 and IIS 7.5 ?

PHP does not work with "An unknown FastCGI error occured" error in IIS 7 / 7.5/ 8 
 Symptoms 
With PHP domains shows the following error: 
HTTP Error 500.0 - Internal Server Error An unknown FastCGI error occurred Error Code 0x800736b1 

FromCommandLinethe following error occur: 
C:\Windows\system32>"C:\Program Files\HSphere\3rdparty\PHP\PHP53\php-cgi.exe" -v The application has failed to start because its side-by-side configuration isin correct. Please see the application event log for more detail.  
In theEventViewerwe could see: 
Activation context generation failed for "c:\program files\hsphere\3rdparty\php\php53\php-cgi.exe". Dependent Assembly Microsoft.VC90.CRT,processorArchitecture="x86",publicKeyToken="1fc8b3b9a1e18e3b",type="win32",version="9.0.21022.8" could not be found. Please use sxstrace.exe for detailed diagnosis.  
Cause 
Windows System Misconfiguration.  
Resolution 
Installing the following updates should resolved the issue. 


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