If you're a Fareed Zakaria fan, this should make you happy. The Time magazine and CNN today lifted the suspension of Fareed Zakaria, the noted Indian-American writer and journalist, who was suspended last week by both outlets for alleged plagiarism.

Following a review of the allegations of plagiarism, for which Zakaria has apologized, CNN and Time in separate statements termed it as a "journalistic lapse" and unintentional error and announced that his popular column and the Sunday talk show would now resume.

"We have completed a thorough review of each of Fareed Zakaria's columns for Time and we are entirely satisfied that the language in question in his recent column was an unintentional error and an isolated incident for which he has apologized," Time's statement read.

"We look forward to having Fareed's thoughtful and important voice back in the magazine with his next column in the issue that comes out on Sept 7," it said. The CNN followed suite.

"CNN has completed its internal review of Fareed Zakaria's work for CNN, including a look back at his Sunday programs, documentaries, and CNN.com blogs. The process was rigorous. "We found nothing that merited continuing the suspension. Zakaria has apologized for a journalistic lapse. CNN and Zakaria will work together to strengthen further the procedures for his show and blog," the news channel said.