Add tracing-subscriber crate for enhanced logging and tracing

[Sidharth-Singh10]

Description:

It would be beneficial to integrate the tracing-subscriber crate to improve the logging and tracing capabilities in our project. The tracing-subscriber crate provides structured, contextual information about the application's runtime behavior, which can significantly help with debugging and monitoring.

Benefits:

• Improved log management and flexibility.
• Enhanced debugging with structured logs.
• Potential for future integration with distributed tracing systems if required.

[mehul-m-prajapati]

@Sidharth-Singh10 : please assign this to me