Read these updates first:

• NIH salary cap increases to $183,300 effective January 11, 2015. Go to: Notice of Salary Limitation on Grants, Cooperative Agreements, and Contracts (NOT-OD-15-049).
• For all NIH training grants, pre-doc and post-doc stipend rates are increased effective October 1, 2014. Go to: National Institutes of Health, Ruth L. Kirschstein National Research Service Award (NRSA), stipends, tuition/fees and other budgetary levels effective for fiscal year 2015 (NOT-OD-15-048).
• New format for biosketches started January 25, 2015. The NIH has made some notable modifications to the SF424 (R&R) application guides, including changes to biosketch formats and samples. After January 25, 2015, the old formats and samples will be removed and the new format will be required. For more information, please reference the Biosketch FAQ on the NIH website.
• NIH fiscal policy for grant awards — FY2015. (NOT-OD-15-050). This notice provides guidance about the NIH fiscal operations for FY 2015 and implements the consolidated and further continuing appropriations act 2015. The act provides NIH with $30.31 billion in new budget authority or equivalent (program level), an increase of approximately $240 million over the FY 2014 final budget allocations totaling $30.07 billion. The NIH will continue to manage its portfolio in biomedical research investments in a manner that includes recognizing applications from new investigators.